Tag: Loan

Green Plains repays $500 million senior secured term loan due 2023

Green Plains repays $500 million senior secured term loan due 2023

November 28, 2018 |

In Nebraska, Green Plains Inc. announced that it has repaid its entire obligation for the $500 million senior secured term loan due 2023. All of the company’s assets and subsidiaries, not including Green Plains Partners LP, are unencumbered from term debt. “When we announced our portfolio optimization plan in May, our priorities included proving the […]

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Amyris closes on $36 million term loan and additional accordion facility

Amyris closes on $36 million term loan and additional accordion facility

July 2, 2018 |

In California, Amyris, Inc. has closed on a $36 million term loan with Great American Capital Partners, LLC, a subsidiary of B. Riley Capital Management, LLC, an SEC Registered Investment Advisor and wholly-owned subsidiary of B. Riley Financial, Inc. Cash from the term loan will be used to pay off the company’s Stegodon and other short-term debt […]

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Sweetwater Energy seeking $18 million loan state loan to unlock remaining funding

Sweetwater Energy seeking $18 million loan state loan to unlock remaining funding

October 29, 2015 |

In New York state, Iron Range Resources & Rehabilitation Board will consider granting a $18 million agency 15-year loan to Sweetwater Energy Inc so the company may access more than $16 million in commercial debt, $7 million more in various other public funding and more than $10 million in equity investment. The project seeks to […]

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Biofuel developer may get $550,000 soft loan from Indian town to build plant

Biofuel developer may get $550,000 soft loan from Indian town to build plant

December 19, 2014 |

In Indiana, Delaware-based S.G. Preston Company is negotiating with Logansport city council for a $550,000 forgivable loan towards the development of a $400 million biodiesel or biojet facility in the community that would use waste oils as feedstock. The facility would have an annual production of between 120 million and 400 million gallons. The final […]

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

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

November 4, 2014 |

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 […]

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

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 […]

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Dakota Spirit AgEnergy gets $1 million USDA rural development loan

Dakota Spirit AgEnergy gets $1 million USDA rural development loan

September 25, 2014 |

In North Dakota, as part of a $5.7 million rural development loan package, the USDA has granted a $1 million loan to Northern Plains Electric Cooperative to partly finance the Dakota Spirit AgEnergy ethanol plant currently being built in Spiritwood. Of the five loans, the one to NPEC was the only project related to bioenergy. […]

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Aventine secures $40 million loan for working capital and increased borrowing

Aventine secures $40 million loan for working capital and increased borrowing

September 18, 2014 |

In Illinois, Aventine Renewable Energy announced that on Sept. 17 the company secured a $40 million loan and security agreement in partnership with AloStar Bank of Commerce in Birmingham, Alabama, and MidCap Financial LLC in Bethesda, Maryland. The new loan replaces a previous agreement and adds over $10 million of increased borrowing capacity while providing […]

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AgriBeef demands investors pay $3 million default on loan to North Star Biofuels

AgriBeef demands investors pay $3 million default on loan to North Star Biofuels

July 30, 2014 |

In California, Idaho’s AgriBeef is demanding its other partners in the North Star Biofuels venture in Watsonville pay $3 million of a $9 million loan the company put up in 2012 to start construction on the facility. The project only came online in June 2014, meaning that the first $3 million in payments were defaulted […]

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Israeli company secures $100 million loan for Ethiopian sugar project

Israeli company secures $100 million loan for Ethiopian sugar project

February 3, 2014 |

In Ethiopia, Israeli construction company Natifa has secured a $100 million loan to build the Wolkayit Sugar factory the government hopes to develop in Tigrai Regional State, 1,350km from Addis Ababa. The facility would produce 20,827 cubic meters of ethanol annually in addition to 484,000 tons of sugar from 45,000 hectares of sugarcane.

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