Neb. ethanol producer completes capital restructuring

01/26/2012 |

NEDAK Ethanol, which runs a 44-million-gallon ethanol plant in Atkinson, Neb., underwent capital restructuring with the help of Ascendant Financial Partners. As part of the restructuring, the company amended its senior loan facility with AgCountry Farm Credit Services, the Federal Land Credit Association and Arbor Bank of Omaha. NEDAK also raised $10 million in new equity capital and signed an asset-management deal with Tenaska BioFuels.

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