Biofuel Energy hopes to raise $46m to pay off bridge loan facility and subordinated debt

In Colorado, Biofuel Energy hopes to raise $46 million through a rights offering and concurrent private placement to pay off its bridge loan facility and subordinated debt. The company has set Dec. 27 as the deadline for stockholders to receive subscription rights. Each share of common stock entitled the holder to receive approximately 2.52 subscription rights.

More on the story.