Pinnacle Renewable Energy Inc. ("Pinnacle") has reached an agreement with its lenders to amend the company's existing credit agreement. The terms of the amendment are temporary in nature and are designed to improve financial flexibility for the company through the end of June 2021.
The amendment provides Pinnacle with an appropriate level of flexibility during the period of economic uncertainty associated with COVID-19 to continue advancing previously announced growth projects in both western Canada and Alabama.
Pinnacle is a growing industrial wood pellet manufacturer and distributor and the third largest producer in the world.
