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BioFuel (BIOF) Amends Credit Agreement

Posted by Tate Dwinnell | # |
12:13:08 pm on August 29, 2008

BioFuel Energy (BIOF) has amended its credit agreement to allow its subsidiaries full access to the  $20 million working capital facility which now appears to allow them sufficient liquidity to complete the commissioning of the ethanol plants in Wood River and Fairmont. .  Previously, the subsidiaries had access to juts $5 million of the working capital.

Shares are currently up 22% but the stock is still mired in a long downtrend.

Tags: biof, biofuel energy, Ethanol, fairmont, wood rive

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