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BRIEF-Vertex Energy announces entry into $30 mln credit facility
February 8, 2017 / 12:25 PM / 6 months ago

BRIEF-Vertex Energy announces entry into $30 mln credit facility

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Feb 8 (Reuters) - Vertex Energy Inc

* Vertex energy announces entry into $30 million credit facility

* Says has entered into funding agreements with Encina business credit,providing for up to $30 million of senior secured debt

* Financing is comprised of a revolving line of credit, a funded term loan and a delayed draw term loan

* Facility will be used to refinance certain of company's existing indebtedness

* Self-collected gallons are currently about 20 pct of overall production, anticipate increasing to 25 pct in 2017 Source text for Eikon: Further company coverage:

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