Abengoa Bioenergy’s debtors to get 30 cents on the dollar following agreement

February 20, 2017 |

In Missouri, good news for Abengoa Bioenergy’s unsecured creditors who are looking to get about 30 cents on the dollar of what they’re owed compared to a penny on the dollar as first expected thanks to an agreement made by creditors. The company liquidated about $140 million following the sales of its biofuels plants in the US that was used to pay debts in the US and in Spain. A hearing will be held on Wednesday in US Bankruptcy Court in St. Louis about the company’s proposed restructuring plan.

Abengoa Bioenergy: The 2015 5 Minute Guide

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Category: Fuels

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