AEMETIS, INC (AMTX): debt financing — Aemetis Biogas closes $25M USDA-guaranteed loan to fund digesters for eight additional dairies

AEMETIS, INC

Loan of $25M at 8.75% fixed for 5 years, 20-year term from Magnolia Bank, guaranteed by USDA.
AB-2 phase fully funded with $25M debt plus $9.4M equity from Aemetis; expands from 7 to 15 dairies.
Projected 400,000 MMBtu/year of carbon-negative RNG for transportation fuel replacing diesel.
Three more REAP loans in process targeting $125M total 20-year debt for up to 65 dairies.
First REAP loan of $25M closed nine months ago; cumulative $50M in USDA-backed financing.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AEMETIS, INC incurred credit facility of not to exceed $25 million with Magnolia Bank, Incorporated at 8.75% per annum to be adjusted every five years thereafter to be equal to the fi maturing July 28, 2043.

Instrument: credit facility
Principal: not to exceed $25 million
Counterparty: Magnolia Bank, Incorporated
Rate: 8.75% per annum to be adjusted every five years thereafter to be equal to the fi
Maturity: July 28, 2043
Event: incurrence

Exact text from the filing

Lender has made available an aggregate principal amount not to exceed $25 million

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

AEMETIS, INC entered into Loan Agreement with Magnolia Bank, Incorporated valued at an aggregate principal amount not to exceed $25 million (effective 2023-07-28).

Action: entry
Agreement: credit facility
Counterparty: Magnolia Bank, Incorporated
Value: an aggregate principal amount not to exceed $25 million
Effective: 2023-07-28

Exact text from the filing

On July 28, 2023, Aemetis Biogas 2 LLC, as borrower (“ Borrower ”) and Aemetis Biogas Holdings LLC, as guarantor (“ Guarantor ”), each a wholly owned subsidiary of Aemetis, Inc., entered into a Construction & Term Loan Agreement (“ Loan Agreement ”) with Magnolia Bank, Incorporated (together with its successors and assigns, the “ Lender ”). Pursuant to the Loan Agreement, the Lender has made available an aggregate principal amount not to exceed $25 million (the “ Loan ”) for the Borrower to borrow

View on SEC.gov

Browse all debt financings →

AEMETIS, INC filing history →

Source: SEC EDGAR

accession 0001437749-23-021101

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.