Aventine amends revolver, lifting LOC sublimit to $17 million

By Sara Rosenberg

New York, Aug. 11 - Aventine Renewable Energy Holdings Inc. amended its revolving credit facility, increasing the letter-of-credit sublimit to $17 million from $12 million, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

In addition, the amendment modified the capital expenditure limitations and the daily inventory reporting requirements.

The amendment was completed on Aug. 6.

PNC Bank is the administrative agent on the deal.

Aventine is a Pekin, Ill.-based producer and marketer of fuel-grade ethanol.

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