Heartland Grain Fuels secures $118 million in expansion financing

In South Dakota, Heartland Grain Fuels closed on a $118 million financing deal. The company secured $98.7 million in senior debt and $19 million in junior debt. The package will refinance the company’s existing debt, provide working capital, and provide funds to complete Heartland Grain Fuels 40 MMgy expansion in Aberdeen, SD. Heartland is a subsidiary of Advanced BioEnergy (ABE). The original Aberdeen plant has a capacity of 8 Mgy of corn ethanol.

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