Vertex Energy, Inc. (NASDAQ: VTNR) Enters into $30 Million Credit Refinancing
Vertex Energy, Inc. (NASDAQ: VTNR) announced on February 8, 2017, that it has reached an agreement with Encina Business Credit, LLC (EBC) for a $30 million credit refinancing, including a funded term note, a draw term loan, and a revolving line of credit. The company indicated that the funds will be used to retire debt and for working capital. Vertex Energy, Inc., refines and markets high quality hydrocarbon products. It filed an 8-K with the SEC on February 7, 2017, defining the new credit facility from EBC. “The refinance of the company’s prior credit facility reflects our belief in the…