Mississippi ready to call in KiOR’s entire loan and interest if deadline missed

In Mississippi, the state is playing tough with KiOR, saying that if the Wednesday midnight deadline is missed for a $1.9 million loan payment that was due last Friday, it will accelerate the payment of loan so that the entire remaining principle of $69.4 million along with $8 million in interest become due immediately. If that happens, it will force both KiOR and KiOR Columbus LLC into bankruptcy as the state claims first rights to the facility’s assets.