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BioFuel Energy Corp Announces Sale Of Plants

Monday, 25 Nov 2013 07:30pm EST 

BioFuel Energy Corp:Says lenders under its existing senior secured credit facility that they have exercised their right under their Deed In Lieu of Foreclosure Agreement to acquire the Company's ethanol plants.Says entity formed by the lenders for such purpose has completed the previously announced sale of those plants to Green Plains Renewable Energy, Inc.Says under the terms of the Deed in Lieu, the lenders were to extinguish all of the amounts due under the credit facility, which as of Sept 30, 2013 totaled $177 million in principal and interest. 

Company Quote

-0.07 -0.65%
20 Aug 2014