US Bankruptcy Court OKs KiOR Chapter 11 $29 million exit facility

In Delaware, a US Bankruptcy Court judge has ruled just a day after finding that KiOR’s bankruptcy plan had too many milestones attached to its $29 million exit facility to go ahead, that the new Chapter 11 plan without said milestones is just fine. The Mississippi Development Authority was pushing to get the Chapter 11 proceedings switched to Chapter 7.

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