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

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

Category: Fuels