REG reduces long-term debt with Seneca payoff
Repayment paves way to grow and improve business
AMES, Iowa — Renewable Energy Group announced that it paid off long-term debt obligations of its operating biorefinery subsidiary in Seneca, Ill.
REG Seneca, LLC retired its outstanding long-term debt obligation of $34.5 million on Dec. 21 with cash generated from operations since April 2010. This amended and restated credit agreement went into effect April 2010 with Portigon AG (formerly WestLB AG).
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