September 25, 2017 12:51 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Abengoa Bioenergy U.S. Holding, Inc.

Company Overview

Abengoa Bioenergy U.S. Holding, Inc. owns and operates six ethanol producing plants. The company was incorporated in 2006 and is based in Chesterfield, Missouri. Abengoa Bioenergy U.S. Holding, Inc. operates as a subsidiary of Abengoa Bioenergy Corporation. On February 24, 2016, Abengoa Bioenergy US Holding, LLC, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Eastern District of Missouri. The plan was later approved as Chapter 11 liquidation on June 8, 2017.

16150 Main Circle Drive

Suite 300

Chesterfield, MO 63017

United States

Founded in 2006

Phone:

636-728-0508

Fax:

636-728-1148

Key Executives for Abengoa Bioenergy U.S. Holding, Inc.

Abengoa Bioenergy U.S. Holding, Inc. does not have any Key Executives recorded.

Abengoa Bioenergy U.S. Holding, Inc. Key Developments

Third Amended Liquidation Plan Approved for Abengoa Bioenergy U.S. Holding, Inc.

The US Bankruptcy Court approved the third amended plan of liquidation of Abengoa Bioenergy US Holding, LLC on June 8, 2017. The debtor has filed its amended plan in the Court on February 27, 2017. As per the amended plan, Administrative Claims of $2.62 million, US Trustee fees, Professional Compensation and Reimbursement Claims, Priority Tax Claims and Other Priority Claims will be paid in full in cash. The debtor expects that DIP claims shall be satisfied in full, on the effective date, by the termination of all commitments under the DIP credit agreements, as applicable and indefeasible payment in full in Cash of all outstanding obligations. General Unsecured Claims (ABI/ABIL Class 2) of $14.46 million will be paid in full. Intercompany Claims by Non-Debtor Affiliates, except for any intercompany claim held by Abengoa Bioenergy Biomass of Kansas, LLC, will receive no distribution under the Plan. Holders of Intercompany Claims by Debtor Affiliates will also receive no distribution under the Plan. Upon the payment in full of the General Unsecured Claims (ABI/ABIL Class 2), all Equity Interests of the ABI/ABIL Debtors shall be distributed to ABM, their 100% owner, for distribution to creditors of the Bioenergy Debtor Group. Other secured claims of $0.64 million will be paid in full. General Unsecured Claims of the Bioenergy Debtors of $385 million is expected to recover 30.7% of the allowed amount. MRA Guarantee Claims of $6.52 million shall receive (i) the payment of the fees, costs, and expenses of Société Générale S.A. and the Note Agents under the Notes associated with the Chapter 11 Cases but only to the extent that such fees are not otherwise paid by the Parent; provided, however, that if the GUC Liquidating Trustee makes such payment, and the Master Restructuring Agreement provides for such payment as Administration Costs (as defined in the Master Restructuring Agreement), the Note Agents and Société Générale S.A. shall assign to the GUC Liquidating Trust all rights and remedies, if any, under the Master Restructuring Agreement solely with respect thereto (and such rights and remedies shall not be amended or otherwise changed without the consent of the Creditors’ Committee or the GUC Liquidating Trustee), (ii) its Pro Rata share of the MRA Guarantee Claims Fund, and (iii) releases of the Parent and any other Go Forward Companies. Upon the Effective Date, all Equity Interests of Bioenergy Debtor Group shall be deemed cancelled. The plan will be funded from cash in hand and proceeds from sale of assets.

Motion for Asset Sale Approved for Abengoa Bioenergy U.S. Holding, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of Abengoa Bioenergy Trading US, LLC on June 7, 2017. The debtor has been authorized to sell its certain assets to Reich Brothers, LLC, and Miedema Industrial, the successful bidders for a purchase price of $0.46 million in cash. The assets include certain machinery and equipment.

Third Amended Liquidation Plan and Disclosure Statement Filed by Abengoa Bioenergy U.S. Holding, Inc.

Abengoa Bioenergy US Holding LLC, along with The Official Committee of Unsecured Creditors, filed third amended plan of liquidation with related disclosure statement in the US Bankruptcy Court on February 27, 2017. As per the amended plan, General Unsecured Claims (ABI/ABIL Class 2) of $14.46 million will be paid in full. Other secured claims of $0.64 million will be paid in full. General Unsecured Claims of the Bioenergy Debtors of $385 million is expected to recover 30.7% of the allowed amount. The treatment of other claim classes remains unchanged.

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