Aemetis (AMTX) has released an update.
Aemetis Biogas LLC, a subsidiary of Aemetis, Inc., amended its agreement with Protair-X Aemericas, Inc. to extend the redemption date for Series A Preferred Units and increase the redemption price to $111 million. The amendment also outlines terms for a new Credit Agreement should the units not be redeemed by the new deadline, with a principal of $111 million, a maturity date a year later, and a minimum annual interest rate of 16% or prime rate plus 10%. This move is significant for investors as it adjusts the financial strategy and obligations of Aemetis in their biogas project financing.
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