Pacific Ethanol Extends and Increases Kinergy's Credit Facility With Wells Fargo

Pacific Ethanol, Inc.

announced it has extended the credit facility of its subsidiary, Kinergy Marketing LLC. The renewal with Wells Fargo Capital Finance, LLC extends the term for an additional two years, lowers the stated interest rate by 1.00% and increases the maximum amount of the credit facility from up to $35 million to up to $40 million, which includes a $10 million accordion feature allowing an increase in the amounts available for borrowing, subject to certain conditions, to the full $40 million. The prior credit facility included an accordion feature of $5 million. In addition, the borrowing base of the credit facility includes the accounts of Pacific Ag. Products, LLC, the company's feed marketing subsidiary. The credit facility matures on December 31, 2015.