Midwest Energy Emissions Corp. (MEEC) has released an update.
Midwest Energy Emissions Corp. (ME2C Environmental) has significantly reduced its debt by repaying $9.0 million of its unsecured notes and fully settling its $272,000 secured debt. The company also successfully restructured its remaining debt, which now matures in six months, and negotiated a favorable deal to lower the non-recourse profit share with its lender. This financial reshuffling enhances ME2C’s ability to manage stock sales and could lead to additional financial benefits depending on future stock sales facilitated by the lender.
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