Ethanol Funding Arranged

Watts, Jim
August 2006
Bond Buyer;8/8/2006, Vol. 358 Issue 32440, p33
Trade Publication
The article reports on the expectation of Panda Ethanol to complete a manure-fired ethanol plant in Texas Panhandle, Texas. The plant is expected to produce 100 million gallons of ethanol yearly. To finance the project, the company borrowed $188 million from various financial institutions. It also secured a letter of credit to back up its support of tax-exempt pollution-control bonds to be issued by the Red River Authority of Texas.


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