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Pacific Ethanol Inc announces debt commitment for Madera ethanol plant construction.
(From Chemical Business NewsBase - Press Release)
Pacific Ethanol Inc has received commitment letters from Hudson United Bank and Comerica Bank for up to a total of $34 M of debt financing to be used for the construction of its ethanol production plant in Madera County, CA. This plant is under construction and is scheduled to be completed and begin operations during 4Q 2006. The closing of the debt financing is subject to, among other things, the negotiation of final documentation and the absence of a material adverse …
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