PEKIN, Ill., July 12, 2007 (PRIME NEWSWIRE) -- Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), a leading producer, marketer and end-to-end provider of clean renewable energy, today announced that it has commenced an offer to exchange up to $300 million of 10.0% senior unsecured fixed rate notes due 2017 (the "New Notes"), which have been registered under the Securities Act of 1933, as amended, for its outstanding unregistered 10.0% senior unsecured fixed rate notes due 2017 (the "Original Notes"). The exchange offer will expire at 5:00 p.m., New York City time, on August 10, 2007 (the "expiration time"), unless it is extended or terminated. Holders must tender their Original Notes on or prior to the expiration time if they wish to participate in the exchange offer. Tenders of Original Notes may be validly withdrawn at any time on or prior to the expiration time.
The exchange offer is being conducted to satisfy the Company's obligations under the terms of a registration rights agreement entered into as part of a private placement financing transaction completed in March 2007 and does not represent a new financing transaction. The Company will not receive any proceeds from the exchange offer.
Aventine urges holders to read its exchange offer materials, including the prospectus, letter of transmittal and related materials, which contain important information about the exchange offer. The exchange offer is not conditioned on any minimum number of Original Notes being exchanged.
The Company has retained Wells Fargo Bank, N.A. to serve as the exchange agent for the exchange offer. Copies of the prospectus relating to the exchange offer, and the related letter of transmittal, are available from the exchange agent. Questions regarding the exchange offer may be directed to the exchange agent at (800) 344-5128 or (612) 667-9764, Attn: Bondholder Communications.
About Aventine
Aventine is a leading producer, marketer and end-to-end distributor of ethanol to many leading energy companies in the United States. Aventine is also a marketer and distributor of biodiesel. In addition to ethanol, Aventine also produces distillers grains, corn gluten feed, corn germ and brewers' yeast.