June 29, 2017 3:43 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Abengoa Bioenergy of Nebraska, LLC

Company Overview

Abengoa Bioenergy of Nebraska, LLC owns and operates bioethanol production plant. The company was incorporated in 2002 and is based in Chesterfield, Missouri. As of September 30, 2016, Abengoa Bioenergy of Nebraska, LLC operates as a subsidiary of KAAPA Ethanol Holdings LLC.

16150 Main Circle Drive

Suite 300

Chesterfield, MO 63017

United States

Founded in 2002

Key Executives for Abengoa Bioenergy of Nebraska, LLC

Abengoa Bioenergy of Nebraska, LLC does not have any Key Executives recorded.

Abengoa Bioenergy of Nebraska, LLC Key Developments

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 US Holding LLC on August 30, 2016. The debtor has been authorized to sell its 56 million gallon nameplate ethanol production facility located at 1414 Road O York, NE 68467, York County to Green Plains Inc. for purchase price of $37.38 million plus assumption of certain assets. At the auction conducted, Green Plains Inc. emerged as winning bidder with purchase price of $37.38 million.

Final DIP Financing Approved for Abengoa Bioenergy U.S. Holding, Inc.

The US Bankruptcy Court gave an order to Abengoa Bioenergy U.S. Holding, Inc. to obtain DIP financing on a final basis on July 14, 2016. As per the order, the debtor has been authorized to obtain a multi-draw term credit facility in the amount of $14 million from certain prepetition lenders with Deutsche Bank Trust Company Americas acting as the administrative agent. The DIP loan would carry an interest rate of LIBOR plus 10% p.a. As per the terms of the DIP agreement, the loan carries a commitment fee of 0.50% p.a., Prepayment Fee of 1% p.a. and upfront fee of 2% p.a. The DIP facility would mature either on September 30, 2016 or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.40 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral. The proceeds of the DIP facility will be used for payment of fees and other expenses due and payable under the DIP facility, administration costs of the chapter 11 cases and other amounts in accordance with the budget.

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

The US Bankruptcy Court approved the sale of certain assets of Abengoa Bioenergy Engineering & Construction, LLC on July 14, 2016. As per the order, debtor has been authorized to sell real property commonly known as 998 Road P, Hugoton, Kansas to Robert A. Rich for a purchase price of $0.20 million, as per the agreement dated June 21, 2016. The buyer has submitted earnest deposit of $5,000. Buyer will also pay 6% real estate commission to Faulkner Real Estate. Transaction is expected to close by August 1, 2016. The transaction is contingent upon buyer obtaining mortgage financing of $0.05 million.

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