June 29, 2017 8:20 AM ET

Chemicals

Company Overview of 4A Technologies, LLC

Company Overview

4A Technologies, LLC produces urea fertilizer from biomass and natural gas. The company is based in Lubbock, Texas. As of October 1, 2012, 4A Technologies, LLC operates as a subsidiary of Bio Nitrogen Corporation.

5152 69th Street

Suite 100

Lubbock, TX 79424

United States

Key Executives for 4A Technologies, LLC

4A Technologies, LLC does not have any Key Executives recorded.

4A Technologies, LLC Key Developments

Motion for Asset Sale Approved for BioNitrogen Holdings Corp.

The US Bankruptcy Court gave an order approving the sale of the subsidiary of BioNitrogen Holdings Corp. on April 26, 2017. The debtor has been authorized to sell substantially all the assets of 4A Technologies, LLC to Annon Consulting, Inc. for a purchase price of $1.78 million in cash, pursuant to an asset purchase agreement dated March 20, 2017. The sale was a private sale and was not subject to higher and better offers.

Motion for Asset Sale Filed by BioNitrogen Holdings Corp.

BioNitrogen Holdings Corp. filed a motion in the US Bankruptcy Court for the sale of substantially all assets of its affiliate, 4A Technologies, LLC, on March 23, 2017. The debtor seeks the Court’s approval for the sale of substantially all the assets to Annon Consulting, Inc., in exchange for a release of Annon’s Claim of approximately $1.78 million, pursuant to an asset purchase agreement dated March 20, 2017. The sale is private sale not subject to higher and better offers and accordingly there are no competing bid requirements. The sale hearing and the issue of sale order by the Bankruptcy Court shall be completed by no later than June 2, 2017. The sale closing date shall be two days from the final sale order. The buyer is represented by Greenberg Traurig, P.A and the debtor is represented by Jacqueline Calderin of Ehrenstein Charbonneau Calderin.

Final Additional DIP Financing Approved for BioNitrogen Holdings Corp.

The US Bankruptcy Court gave an order to BioNitrogen Holdings Corp to obtain DIP financing on a final basis on May 30, 2016. As per the order, the debtor has been authorized to obtain a credit facility in the amount of $0.13 million from BioNitrogen Plant FL Taylor, LLC. The DIP facility will be used for debtor’s operations and emergency expenditures until such time as the debtors obtain an alternative source of financing. The Court granted DIP financing on an interim basis on December 28, 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 23, 2017
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