Aemetis Extends Preferred Unit Redemption Deadline to December 2025; Sets $118.8 Million Redemption Price, Outlines High-Interest Credit Terms if Unpaid
Aemetis Inc. has announced an amendment to its Series A Preferred Unit Purchase Agreement through its subsidiary, Aemetis Biogas LLC (ABGL). Under the new terms, ABGL's obligation to redeem all outstanding Series A Preferred Units held by Protair-X Technologies Inc. has been extended from August 31, 2025, to December 31, 2025, with the total redemption price increased to $118.8 million, including a $2 million amendment fee. If ABGL does not complete the redemption by the new deadline, it will enter into a credit agreement effective January 1, 2026, with a maturity date of September 1, 2026, and an interest rate of at least 16%. The credit agreement will also require guarantees from Aemetis, Inc. and several subsidiaries, and grant a security interest in their assets.
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