18. SUBSEQUENT EVENT |
12 Months Ended |
|---|---|
Dec. 31, 2015 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENT |
Pacific Ethanol West Plants Term Debt Repayment On February 26, 2016, the Company retired the $17,003,000 outstanding balance of the Pacific Ethanol West Plants term debt by purchasing the lenders position for cash at par without any prepayment penalty. This purchase increased the amount held by Pacific Ethanol to a combined $58,766,000. As a result, the Company has no continuing obligations to any third-party lender under the credit agreements associated with this term debt. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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