News

Pinnacle Agriculture names Robert Marchbank as President and CEO

Tuesday, September 5, 2017 Loveland, CO – Pinnacle Operating Corporation (“Pinnacle”) is pleased to announce that Robert Marchbank has been named as its President and Chief Executive Officer. In this role, Mr. Marchbank will lead Pinnacle’s agriculture retail and wholesale distribution businesses across 27 states. “Rob is an exceptionally talented leader with a proven track […]

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PINNACLE ANNOUNCES SUCCESSFUL CLOSING OF EXCHANGE OFFER AND NEW CAPITAL INVESTMENTS

Loveland, CO. (March 10, 2017) — Pinnacle Agriculture Holdings, LLC (“Pinnacle”) announced today the closing of its previously announced offer to exchange (the “Exchange Offer”) (i) newly issued 9.00% Senior Secured Notes due 2023 (the “New Notes”) of Pinnacle Operating Corporation (the “POC”) and (ii) Class A-2 Participating Preferred Units of Pinnacle Agriculture Enterprises, LLC […]

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PINNACLE ANNOUNCES SUCCESSFUL EXCHANGE OFFER RESULTS AND ABL AMENDMENT

Loveland, CO. (February 24, 2017) — Pinnacle Agriculture Holdings, LLC (“Pinnacle”) announced today the early tender results of its previously announced offer to exchange (the “Exchange Offer”) (i) newly issued 9.00% Senior Secured Notes due 2023 (the “New Notes”) of Pinnacle Operating Corporation (the “POC”) and (ii) Class A-2 Participating Preferred Units (the “Class A-2 […]

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Pinnacle Agriculture Agrees to Credit Agreement Amendment with Holders of More than 90% of Outstanding Loans Under First Lien Term Facility

Extends maturity of consenting lenders’ loans (the “Extending Term Loans”) under Pinnacle’s First Lien Credit Agreement dated November 15, 2012 (the “First Lien Credit Agreement”) by three years, to November 2021 Provides interest rate increase for Extending Term Loans and modifies certain covenants and other provisions in the First Lien Credit Agreement for the benefit […]

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Pinnacle Agriculture Reaches Agreement with Major Shareholders and Creditors to Recapitalize its Balance Sheet and Raise New Capital

Transaction Strengthens Balance Sheet by Eliminating approximately $200 million of Debt Raises over $125 million of New Committed Capital Investment, which will be used to delever Pinnacle’s balance sheet and support the Company’s Business Plan Extends the Maturities of the Company’s First Term Loan Due 2018 (the “First-Lien Term Loan”) and the Company’s Second-Priority Senior […]

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