debt
confidence high
sentiment neutral
materiality 0.70
Aemetis Biogas extends Series A preferred redemption to Aug 31, 2023; $132.5M final price
AEMETIS, INC
- ABGL waives non-compliance with covenants; redemption deadline moved from May 31 to Aug 31, 2023.
- Final redemption price set at $132.5M; failure to pay triggers automatic conversion to credit agreement.
- ABGL to pay $2.5M closing fee on redemption date to Purchaser (Protair-X Americas).
- Also waives violation related to $25M USDA loan and internal reorganization of Ackerman Dairy to new subsidiary AB2.