October 25, 2016 6:30 AM ET

Oil, Gas and Consumable Fuels

Company Overview of KiOR, Inc.

Company Overview

KiOR, Inc., a renewable fuels company, produces and sells cellulosic gasoline and diesel from lignocellulosic biomass using its proprietary biomass-to-cellulosic fuel technology platform. The company intends to sell its products to refiners, terminal and rack owners, and fleet users for use in their vehicles. KiOR, Inc. was founded in 2007 and is headquartered in Pasadena, Texas.

13001 Bay Park Road

Pasadena, TX 77507

United States

Founded in 2007

183 Employees





Key Executives for KiOR, Inc.

Chief Executive Officer and Director
Age: 64
President, Interim Chief Financial Officer, General Counsel and Secretary
Age: 45
Senior Vice President of Commercial
Age: 57
Compensation as of Fiscal Year 2016.

KiOR, Inc. Key Developments

KiOR Class A Common Stock To Be Deleted From Other OTC

KiOR, Inc. Class A Common Stock will be deleted from Other OTC, effective September 1, 2015. The deletion was due to bankruptcy plan effective/shares cancelled.

Second Amended Reorganization Plan Approved for KiOR, Inc.

The US Bankruptcy Court approved the second amended plan of reorganization of KiOR, Inc. on June 9, 2015. The debtor had filed its second amended plan in the Court on March 16, 2015. As per the approved plan, allowed administrative claims, US trustee fees, priority tax claims, secured tax claims, professional fees and priority employee claims shall be paid in full. Out of the first lien claims of $16.27 million, $15.27 million shall be converted in an exit facility and $1 million shall be paid through issuance of new equity interests. DIP credit facility claims of $15 million shall be settled through issuance of new equity interest in the reorganized debtor and Exit Facility. Second Lien Claims will be paid pro-rata share from the liquidation trust. General unsecured claims, senior secured convertible note purchase agreement, senior secured convertible note purchase agreement and trade claims shall be paid on a pro rata basis from the liquidation trust. Third lien- loan and security agreement of $115 million shall receive a pro rata distribution from the liquidating trust and Allowed Claims held by Trade Creditors of $1.77 million shall receive a recovery of approximately $1.45 million out of which payments of $1.3 million have been made during 90 day period prior to the petition date. Non priority employee claims of $0.5 million shall be paid as per the payment criteria to the general unsecured claims. Convenience class claims of $0.13 million shall receive 50% of its allowed amount. Subordinated claims shall not receive any distributions under the plan. All the equity interests shall be cancelled and shall receive no distribution under the plan. The debtor shall fund the plan from equity financing of $29.5 million and issuance of preferred stock.

First Amendment to Final DIP Financing Approved for KiOR, Inc.

The US Bankruptcy Court gave an order approving the first amendment to DIP financing agreement for KiOR, Inc. on April 29, 2015. As per the amended order, the debtor has been authorized to obtain a term loan facility in the amount of $20.40 million from lender parties with Pasadena Investments, LLC, acting as the administrative agent. The DIP facility would mature on June 30, 2015. The other terms of DIP agreement remain unchanged.

Similar Private Companies By Industry

Company Name Region
102 Oil Wells in East Texas Field United States
11 Good Energy, Inc. United States
1280 Horizons, LLC United States
15 Fields in Williston Basin United States
153 Woodbine Wells in The East Texas Oil Field in Rusk County United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact KiOR, Inc., please visit www.kior.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.