Blue Dolphin subsidiary Nixon Product Storage secures $10M term loan at 5.75%

BLUE DOLPHIN ENERGY CO

Loan of $10M from Greater Nevada Credit Union; 10-year term, fixed rate 5.75%.
Interest-only payments for first 36 months, then principal + interest through Oct 2031.
Proceeds used for working capital and closing costs.
Secured by deed of trust on ~56 acres and improvements in Wilson County, TX.
Loan includes customary covenants: debt service coverage, debt-to-net worth, current ratio.

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