April 29, 2017 5:34 PM ET

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Company Overview of Abengoa Bioenergy New Technologies, Inc.

Company Overview

Abengoa Bioenergy New Technologies, Inc. provides research and development services for the development of biodiesel and bioethanol for transportation purposes. Abengoa Bioenergy New Technologies, Inc. was formerly known as Abengoa Bioenergy R&D, Inc. and changed its name to Abengoa Bioenergy New Technologies, Inc. on January 19, 2006. The company was founded in 2003 and is based in Chesterfield, Missouri. Abengoa Bioenergy New Technologies, Inc. operates as a subsidiary of Abengoa Bioenergy Corporation.

16150 Main Circle Drive

Suite 300

Chesterfield, MO 63017-4689

United States

Founded in 2003

Phone:

636-728-0508

Fax:

636-728-1148

Key Executives for Abengoa Bioenergy New Technologies, Inc.

Abengoa Bioenergy New Technologies, Inc. does not have any Key Executives recorded.

Abengoa Bioenergy New Technologies, Inc. Key Developments

First Amended Reorganization and Liquidation Plan Approved for TeymaUSA Inc.

The US Bankruptcy Court approved the first amended plans of reorganization and liquidation of TeymaUSA Inc. on December 15, 2016. The debtor had filed its amended plan in the Court on October 24, 2016. As per the amended plan, administrative claims, US Trustee fees, Fee claims shall be paid full in cash. EPC and Solar Reorganizing Secured claims, including claim of governmental unit and claims for accrued employee compensation of up to $12.48 million, shall be paid full in cash. Priority Tax Claims of $1.72 million shall be paid in full in cash. EPC Reorganizing Debtors US Debt Claims of $8.39 million shall receive a recovery of 12.5% and EPC Liquidating Debtors US Debt Claims of $3.30 million shall receive a recovery of 9.2%. EPC Reorganizing Debtor General Unsecured Claims of $330.95 million shall receive a recovery of 12.5%. Solar Reorganizing Debtor General Unsecured Claims of $6 million shall be paid in full in cash. Bioenergy and Maple Liquidating Debtor General Unsecured Claims of $57.21 million shall receive a recovery of 11.5%. Solar Reorganizing Debtor Other Priority Claims of $0.30 million shall be paid in full in cash. Litigation Claims of $40.94 million shall receive a recovery of 12.5%. EPC Reorganizing Debtor Debt Bonding Claims of $50 million shall receive a recovery of 12.5%. Solar Reorganizing Debtor Debt Bonding Claims of $546.86 million shall be paid in full. Intercompany Claims by Non-Debtor Affiliates of $851.66 million shall be settled as per standard restructuring terms. Intercompany Claims by Debtor Affiliates of $212.38 million shall not receive any recovery under the plan. Intercompany Claims of $44.27 million shall not receive any recovery under the plan. EPC Liquidating Secured Claims and Bioenergy and Maple Secured Claims will receive the collateral securing the claims. Spanish Affected Debt claims are the guarantee obligations of the debtor in respect of the Compromised Debt and Non-Compromised Debt and will receive a Replacement Guarantee based upon the Standard Restructuring Terms, which will write off 97% of the claims and provide remaining 3% over a 10 year at a 0% interest. EPC & Solar Reorganizing US Debt claims, EPC & Solar Reorganizing General Unsecured claims and Litigation claims holders shall receive a pro-rata share of the reorganization distribution. EPC Liquidating General Unsecured Claims, US Debt Claims and Bioenergy and Maple General Unsecured Claims, US Debt Claims shall receive its pro-rata share EPC Liquidating Distribution and Bioenergy and Maple Liquidating Distribution, respectively. Affected Debt Bonding claims will receive a 3% recovery. Non-Affected Debt Bonding claims will receive a pro-rata share of reorganization distribution. EPC & Solar Reorganizing Intercompany claims by Non-Debtor Affiliates of $3.89 million will receive Standard Restructuring Terms. EPC & Solar Reorganizing Intercompany claims by Debtor Affiliates of $67.40 million, EPC Liquidating Intercompany Claims and Bioenergy and Maple Intercompany Claims of $0.80 million will not get any recovery under the plan. EPC Liquidating Debtor General Unsecured Claims will receive pro rata share of EPC Liquidating Distribution i.e. $1.75 million in cash. EPC Reorganizing Debtor Debt Bonding Claims will either receive pro rata share of the allowed amount from EPC Reorganization Distribution or distribution from surety reserve. Solar Reorganizing Debtor Debt Bonding Claims will either receive pro rata share of the allowed amount from Solar Reorganization Distribution or distribution from surety reserve. EPC Reorganizing Equity Interests and Solar Reorganizing Equity Interests shall be reinstated upon the effective date. EPC Liquidating Equity Interests and Bioenergy and Maple Equity Interests shall receive no distribution under the plan. EPC Reorganizing Debtor Group will provide new value contribution upon effective date. EPC Reorganizing Debtor Debt Bonding Claims will receive greater of 16% of the allowed amount or percentage of distribution with respect to the allowed claims. Solar Debt Bonding Claims receive a Pro Rata share of the Solar Reorganizing Distribution.

Motion for Asset Sale Approved for TeymaUSA Inc.

The US Bankruptcy Court gave an order approving the sale of the certain assets of Abeinsa Holding Inc. on December 6, 2016. The debtor has been authorized to sell its certain assets to Green Plains, Inc., the stalking horse bidder for a purchase price of $1.25 million in a private sale. The debtor’s assets include pilot plant located at 1414 Road O, York, Nebraska.

Motion for Asset Sale Filed by TeymaUSA Inc.

Abeinsa Holding Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on October 28, 2016. The debtor seeks the Court’s approval for the sale of its certain assets to Green Plains, Inc., the stalking horse bidder, for a purchase price of $1.25 million in cash in a private sale. The debtor’s assets include pilot plant located at 1414 Road O, York, Nebraska.

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