SWIOU News Alert Southwest Iowa Renew (SWIOU) 6,800.0000 02/15/2015
Post# of 64074
Southwest Iowa Renewable Energy, LLC Announces Results of 1st Quarter FY2015
PR Newswire - Fri Feb 13, 3:13PM CST
February 13, 2015 Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company" announced its unaudited financial results for the three months ended December 31, 2014.
Southwest Iowa Renewable Energy, LLC Announces a Number of Year End Events
PR Newswire - Tue Dec 23, 1:31PM CST
On December 22, 2014, following a very successful fiscal year ended September 30, 2014, Southwest Iowa Renewable Energy, LLC (the "Company" or "SIRE" announced it had paid in full the outstanding convertible subordinated debt (the "Convertible Debt" held by the Company's strategic partners, Bunge North America, Inc. ("Bunge" and ICM Investments, LLC ("ICM" . Bunge was repaid approximately $20.2 million and ICM was repaid approximately $7.0 million. The Convertible Debt terms provided that Bunge and ICM could have converted the Convertible Debt into the Company's equity units at a conversion price of $3,000 per unit. The Company's equity book value per unit at September 30, 2014 was approximately $7,570 per unit.
Southwest Iowa Renewable Energy, LLC Announces Third Quarter Results for Fiscal 2014
PR Newswire - Wed Aug 13, 5:31PM CDT
Southwest Iowa Renewable Energy, LLC (" SIRE " announced its unaudited financial results for the three and nine months ended June 30, 2014.
Southwest Iowa Renewable Energy, LLC Completes Placement of $66.0 Million Senior Credit Agreement Due 2023 and $26.2 Million Subordinated Term Loan Notes Due 2023
PR Newswire - Tue Jul 01, 11:35AM CDT
Southwest Iowa Renewable Energy, LLC ("SIRE" announced the completion of a $66.0 million Senior Credit Agreement due 2023 (the "Credit Agreement" with Farm Credit Services of America and CoBank. The proceeds of the Credit Agreement were used to refinance senior bank debt previously outstanding and scheduled to mature in August. The Credit Agreement provides SIRE with a term loan of $30 million, and a revolving term loan of $36 million. Interest rate on the Credit Agreement dropped to LIBOR plus 3.35%.