KiOR has till Wednesday to pay Mississippi $1.9 million loan payment

November 3, 2014 |

In Mississippi, KiOR missed the deadline for a $1.9 million loan payment to the state but has a three-day grace period until Wednesday to make good, or it could risk forfeiting the plant in Columbus to the state. A total of $69.4 million is still owed on the $75 million no-interest loan provided by the state’s development authority. The company has been seeking an investor or buyout since July when it hired Guggenheim Partners to do so.


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