debt
confidence high
sentiment positive
materiality 0.75
Aemetis closes $100M credit facilities with Third Eye Capital; repays $16M higher-rate debt
AEMETIS, INC
- New $100M aggregate facilities: $50M at 8% for carbon reduction projects, $50M at 10% for working capital.
- Fuels line matures Mar 2025, Carbon line matures Mar 2026; both from Third Eye Capital.
- Repaid $16M of higher interest rate debt; over $60M repaid in 2021.
- Warrants issued: 250,000 shares at $20 (10-yr) and 50,000 shares at ~$10.20 (5-yr).
- Proceeds to fund Keyes solar/MVR upgrades, Carbon Zero SAF/RE diesel plant, and carbon sequestration.