Ethanol Space Funded for ASAlliances Biofuels

New York [RenewableEnergyAccess.com] WestLB Capital Markets North America unit closed a USD $275 million groundbreaking senior secured credit facility for ASAlliances BioFuels, LLC. The facility supports the operation of a portfolio of three 100 million gallons per year ethanol facilities. “WestLB’s creativity in developing this innovative structure and dedication to the growth of ethanol as an alternative energy source proved integral to the successful completion of this deal,” said Steve Durham, chairman of Americas Strategic Alliances.

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