KiOR may sell the company after missing loan payment

July 10, 2014 | Meghan Sapp

In Texas, KiOR said in an SEC statement that it has hired Guggenheim Securities to advise on possibly selling the company after it failed to make a $1.88 million loan payment on June 30. The state of Mississippi has agreed to a loan forbearance on the $75 million loan it received—and still owes $69.4 million of—until it gets its finances sorted.