BioNitrogen receives allocation of $300 million to issue tax-exempt bonds
October 28, 2013
| Jim Lane
In Louisiana, BioNitrogen Louisiana Holdings announced it has been awarded $300 million of allocation to issue tax-exempt bonds for the acquisition, development and construction of the initial plant in Pointe Coupee Parish, Louisiana. The $300 million allocation represents part of the $1.25 billion bond issue, which BioNitrogen has already received approval on from the Louisiana State Bond Commission.
“This allocation from the State of Louisiana represents an important milestone in our development and moves us one step closer to making our first plant in Louisiana a reality,” said Bryan Kornegay, Jr., President and CFO of BioNitrogen.
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