Vertex Energy's Critical Pilot Project [Seeking Alpha]
Vertex Energy, Inc (VTNR)
Last vertex energy, inc earnings: 11/8 06:02 am
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US:NASDAQ Investor Relations:
vertexenergy.com/investor-relations
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Source: Seeking Alpha
Vertex Energy's Critical Pilot Project The past five years have been financially challenging for used motor oil re-refiner, Vertex Energy ( VTNR In the first half of 2014, Vertex Energy owed time In June 2015, the company raised In February 2016, it announced CLH In May 2016, the company announced a private placement of preferred stock and raised approximately $19.3 million. The first use of the proceeds was to repurchase and retire $11.2 million worth of the Series B preferred stock issued in June 2015. The remainder of the proceeds, approximately $8.1 million, was used to pay down debt and for working capital needs. By third quarter reporting In February 2017, Vertex entered into a term loan and a revolving note with Encina Business Capital and closed out previous agreements. Both Encina credit agreements mature in February 2020. When Vertex reported The company has been "refining" a financing solution for well over a year. It was teased expected promised reassured "We are currently
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