secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001213900-22-072157
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alto Ingredients secures $125M credit facility, amends ABL credit agreement
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- Entered into $125M senior secured term loan facility with Orion Infrastructure Capital; initial advance up to $100M.
- Facility bears interest at 10% fixed per annum, matures November 2028.
- Issued 1,282,051 shares of common stock to lenders; up to 320,513 additional shares for CapEx loans.
- Amended existing ABL credit agreement with Wells Fargo: maturity extended to 2027, fixed charge coverage ratio reduced to 1.10x, distribution limit increased to 75% of excess cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390022072157/0001213900-22-072157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390022072157/ea168356-8k_altoingred.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-072157

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