Quarterly report pursuant to Section 13 or 15(d)

DEBT (Details Narrative)

v3.19.1
DEBT (Details Narrative) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 27, 2019
Mar. 21, 2019
Mar. 30, 2018
Mar. 31, 2019
Dec. 31, 2018
 [1]
Net assets       $ 699,021 $ 659,981
Kinergy Marketing LLC [Member] | Amended Line of Credit [Member]          
Unused borrowing capacity       21,848  
Temporary increase incremental availability       7,532  
Description of borrowing capacity The borrowing base under the credit facility to 90% (increased from 85%) of eligible accounts receivable, <u>plus</u> the lesser of (a) $50,000,000, (b) 80% of eligible inventory (increased from 70%), or (c) 95% of the estimated recovery value of eligible inventory (increased from 85%).        
Interest rate term Accrue interest at an annual rate equal to the daily three month LIBOR plus an applicable margin of 4.00%.        
Expiration date Sep. 30, 2019        
Pacific Ethanol Pekin Inc [Member] | Term Loan [Member]          
Description of debt covenant     One of the Company’s subsidiaries, amended its term loan facility by reducing the amount of working capital it is required to maintain to not less than $13.0 million from March 31, 2018 through November 30, 2018 and not less than $16.0 million from December 1, 2018 and continuing at all times thereafter.    
Debt face amount       3,500  
Debt maturity date     May 31, 2018    
Pacific Ethanol Pekin Inc [Member] | Amended Line of Credit [Member] | Lender [Member]          
Debt face amount       $ 3,500  
Debt maturity date       Feb. 20, 2019  
Interest rate term   Interest rate under the facilities by 125 basis points to an annual rate equal to the 30-day LIBOR plus 5.00%.      
Description of maintain working capital   Working capital of not less than $15,000,000 from March 21, 2019 through July 15, 2019 and working capital of not less than $30,000,000 from July 15, 2019 and continuing at all times thereafter.      
Description of event of default       At which time the waivers will become permanent if Pacific Ethanol Central, LLC (“PE Central”), PE Pekin’s parent, has made a contribution to PE Pekin in an amount equal to $30,000,000, <u>minus</u> the then-existing amount of PE Pekin’s working capital, <u>plus </u>the amount of any accounts receivable owed by PE Central to PE Pekin, <u>plus</u> $12,000,000 (the “PE Central Contribution Amount”).  
Pacific Ethanol Pekin Inc [Member] | Line of Credit [Member]          
Debt face amount       $ 14,000  
Net assets       $ 195,000  
Date of first required principal payment       Jul. 15, 2019  
[1] Amounts derived from the audited financial statements for the year ended December 31, 2018.