Tag: Maple Energy

Maple Energy’s shares end trading on AIM

Maple Energy’s shares end trading on AIM

June 8, 2015 |

In the UK, Maple Energy’s shares ended trading permanently on the Alternative Investment Market on Tuesday following their suspension in December after the company fell on hard times. The company has been negotiation with senior lenders since then to repay loans to the ethanol businesses and follow the term sheet agreed.

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Maple Energy still trying to sort out ethanol debt refinancing

Maple Energy still trying to sort out ethanol debt refinancing

April 1, 2015 |

In Peru, Maple Energy is still trying work with its senior lenders to repay the debt belonging to its ethanol companies. All of the fixed assets held by the ethanol companies has been transferred by the trustee acting on behalf of the senior lenders to subsidiaries of Grupo Gloria for about $108 million before taxes. […]

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Maple Energy suspends AIM trading after senior lenders call in loans

Maple Energy suspends AIM trading after senior lenders call in loans

December 8, 2014 |

In the UK, trading of Maple Energy Plc’s shares on the AIM were suspended on the company’s request after senior lenders sent out letters calling in outstanding loans. The company is continuing to negotiate with lenders after missing a five-day extension on a payment due Dec. 3. The future of the company’s ethanol assets are […]

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Maple Energy looking at ethanol options including idling

Maple Energy looking at ethanol options including idling

November 27, 2014 |

In Peru, Maple Energy is exploring various options for its ethanol business, including not re-starting after the 12-week maintenance period that began in August. The company received a loan waiver of five days from senior lenders on Nov. 25. It is dependent on those same lenders to provide working capital until an alternative funding arrangement […]

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Maple Energy rejects $47.4 million offer

Maple Energy rejects $47.4 million offer

October 27, 2014 |

In Peru, Maple Energy has rejected the proposed $47.4 million offer from Graña y Montero SAA and Alcogroup SA because it says the companies didn’t provide sufficient proof that they could secure the needed finance in a timely enough manner, something the company’s senior lenders also found insufficient.  

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Maple Energy gets solid offer from Graña y Montero and Alcogroup

Maple Energy gets solid offer from Graña y Montero and Alcogroup

October 16, 2014 |

In Peru, Maple Energy has received an offer from Graña y Montero and Alcogroup for an initial $4 million to acquire an equity interest of 40% in The Maple Companies, Limited, the subsidiary dedicated to ethanol production and hydrocarbons operations, in which Maple has a 95.4% interest. The investors will commit to make a further […]

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Potential cash buyer pulls out of Maple Energy deal

Potential cash buyer pulls out of Maple Energy deal

October 2, 2014 |

In Peru, shares of Maple Energy have plummeted following reports that a potential sale of the company has fallen through and that there are no current negotiations ongoing. The company also reported this week a net loss of $20.5 million for H1 this year compared to a net loss of $6 million last year.  

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Maple Energy falling on rough times but hanging on

Maple Energy falling on rough times but hanging on

August 18, 2014 |

In Peru, Maple Energy is still looking for a strategic investor, which it has been trying to do since Q1, and is negotiating with banks for gap funding in the meantime. In July the company received an offer for a complete takeover, which doubled the share price at the time, but has since fallen again […]

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Maple Energy seeking new strategic equity investors

Maple Energy seeking new strategic equity investors

June 11, 2014 |

In Peru, Maple Energy is looking for new strategic equity investors to secure working capital for the business, but is also continuing to talk to lenders to keep the working capital flowing. It produced 10,793 cubic meters of ethanol during the first quarter of 2014 while 11,399 cubic meters was sold during that period to […]

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Maple Energy produces 14.3 million gallons of ethanol through Oct. 31

Maple Energy produces 14.3 million gallons of ethanol through Oct. 31

December 4, 2013 |

In Peru, an aggregate amount of approximately 811,000 gross tons of sugar cane (approximately 719,000 net tons) have been harvested and processed as of October 31, 2013. This net amount of processed sugar cane excludes sugar cane “trash”, which primarily consists of green and dry leaves of the sugar cane that are ultimately used as […]

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