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DEBT (Details Narrative) - USD ($) $ in Thousands |  |  |  | 3 Months Ended |
--- | --- | --- | --- | --- | ---
Mar. 27, 2019 | Mar. 21, 2019 | Mar. 30, 2018 | Mar. 31, 2019 | Dec. 31, 2018 | [1]
Net assets |  |  |  | $ 699,021 | $ 659,981
Kinergy Marketing LLC [Member] | Amended Line of Credit [Member] |  |  |  |  |
Unused borrowing capacity |  |  |  | 21,848 |
Temporary increase incremental availability |  |  |  | 7,532 |
Description of borrowing capacity | The borrowing base under the credit facility to 90% (increased from 85%) of eligible accounts receivable, <u>plus</u> the lesser of (a) $50,000,000, (b) 80% of eligible inventory (increased from 70%), or (c) 95% of the estimated recovery value of eligible inventory (increased from 85%). |  |  |  |
Interest rate term | Accrue interest at an annual rate equal to the daily three month LIBOR plus an applicable margin of 4.00%. |  |  |  |
Expiration date | Sep. 30, 2019 |  |  |  |
Pacific Ethanol Pekin Inc [Member] | Term Loan [Member] |  |  |  |  |
Description of debt covenant |  |  | One of the Companyâ€™s subsidiaries, amended its term loan facility by reducing the amount of working capital it is required to maintain to not less than $13.0 million from March 31, 2018 through November 30, 2018 and not less than $16.0 million from December 1, 2018 and continuing at all times thereafter. |  |
Debt face amount |  |  |  | 3,500 |
Debt maturity date |  |  | May 31, 2018 |  |
Pacific Ethanol Pekin Inc [Member] | Amended Line of Credit [Member] | Lender [Member] |  |  |  |  |
Debt face amount |  |  |  | $ 3,500 |
Debt maturity date |  |  |  | Feb. 20, 2019 |
Interest rate term |  | Interest rate under the facilities by 125 basis points to an annual rate equal to the 30-day LIBOR plus 5.00%. |  |  |
Description of maintain working capital |  | Working capital of not less than $15,000,000 from March 21, 2019 through July 15, 2019 and working capital of not less than $30,000,000 from July 15, 2019 and continuing at all times thereafter. |  |  |
Description of event of default |  |  |  | At which time the waivers will become permanent if Pacific Ethanol Central, LLC (â€œPE Centralâ€), PE Pekinâ€™s parent, has made a contribution to PE Pekin in an amount equal to $30,000,000, <u>minus</u> the then-existing amount of PE Pekinâ€™s working capital, <u>plus </u>the amount of any accounts receivable owed by PE Central to PE Pekin, <u>plus</u> $12,000,000 (the â€œPE Central Contribution Amountâ€). |
Pacific Ethanol Pekin Inc [Member] | Line of Credit [Member] |  |  |  |  |
Debt face amount |  |  |  | $ 14,000 |
Net assets |  |  |  | $ 195,000 |
Date of first required principal payment |  |  |  | Jul. 15, 2019 |
[1] | Amounts derived from the audited financial statements for the year ended December 31, 2018.

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