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NewGen receives $70m in financing to fund acquisition

This article was originally published in The Public Ledger

NEWGEN Technologies and BioFuel Investments (BFI) have reached an agreement relating to $70m in secured debt financing. Proceeds from the financing will be used to complete the purchase of Appalachian Oil Company (APPCO), pay off existing debt and other strategic objectives to facilitate distribution of premium blended biofuels through its brand ReFuel America.



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