DALLAS, Aug. 20, 2012 (GLOBE NEWSWIRE) -- Aventine Renewable Energy Holdings, Inc. (OTCBB:AVRW), today announced that it has entered into a Restructuring Agreement with 100% of its term loan lenders. Under the terms of this agreement the Company would convert the majority of its outstanding term loan debt into newly issued common equity of the Company, representing, on a fully diluted basis, approximately 92.5% of the issued and outstanding common stock after the issuance (subject to downward adjustment and/or dilution as described in the agreement).
Aventine Renewable Energy Holdings, Inc. Enters Into A Significant Restructuring Transaction With Members Of Its Lender Group
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