#innovationIOWA REG completes acquisition of Imperium Renewables

Thursday, August 20, 2015 10:37 AM

Renewable Energy Group Inc. on Wednesday completed its previously announced acquisition of substantially all the assets of Imperium Renewables Inc. REG paid Imperium $15 million in cash and issued 1.675 million shares of REG common stock in exchange for substantially all of Imperium’s assets, including the 100 million-gallon nameplate biodiesel refinery and terminal at the Port of Grays Harbor, Wash. Ames-based REG assumed $5.2 million of Imperium’s debt from Umpqua Bank, which has agreed to provide the newly named REG Grays Harbor LLC with an additional loan capacity of up to $5 million to fund capital expenditures and improvements at the facility.

Read more: http://businessrecord.com/Content/Energy-Environment/Energy-Environment/Article/REG-completes-acquisition-of-Imperium-Renewables/183/930/69907#ixzz3jTvssFQQ

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: