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Latest BioFuel Energy Corp. Stories

2009-05-28 16:24:00

DENVER, May 28 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. (Nasdaq: BIOF) announced today that it has received a Notice of Default from its syndicate of lenders, led by BNP Paribas, as Administrative Agent, under its senior bank facility. The Company reported that the banks have asserted that a "Material Adverse Effect" had occurred with respect to the Company, even though it has not missed any payments owed under the facility, or to any other creditors or vendors, and expects to meet...

2009-05-08 17:44:00

DENVER, May 8 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. (Nasdaq: BIOF) announced today that it notes the recent appreciation in its stock price and confirmed that there have been no material developments at the Company that have not been publicly disclosed. The Company continues to optimize the operation of its facilities and will provide further details with respect to these efforts on its scheduled earnings call on Monday, May 18th, 2009 beginning at 1:00 p.m. (EDT). Contact:...

2009-03-19 19:28:00

DENVER, March 19 /PRNewswire-FirstCall/ -- BioFuel Energy Corp. (Nasdaq: BIOF) announced today that Mark W. Wong, a Director of the Company since January 2008, had been elected Chairman of the Board. Mr. Wong currently serves as Chief Executive Officer of Agrivida Inc., a privately held company engaged in the cellulosic ethanol business based in Boston, Massachusetts. Mr. Wong replaces Thomas J. Edelman, who had served as BioFuel's Chairman and Chairman of the Board since its formation....

2009-01-16 17:17:00

DENVER, Jan. 16 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. (Nasdaq: BIOF) announced today that it had finalized agreements with each of its parent company creditors'. The issues arose as a result of hedging losses announced last summer. All outstanding issues with Cargill and the Company's subordinated debt holders have now been resolved. Future payments to Cargill and the subordinated debt holders are contingent on available cash flow, as defined. Following a $3.0 million payment in...

2008-12-10 16:34:00

DENVER, Dec. 10 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. (Nasdaq: BIOF) announced today that it had reached agreements in principle with Cargill and the two holders of its subordinated debt. Despite the significant hedging losses incurred and announced in August, the Company's operating subsidiaries have remained financially sound and continued to meet all their obligations. However, the parent company has been unable to make timely payments to Cargill since August and it failed...

2008-09-16 09:00:45

DENVER, Sept. 16 /PRNewswire-FirstCall/ -- BioFuel Energy Corp. announced today that both of its 115 million gallons a year ethanol plants had met Provisional Acceptance, the first step in their final commissioning. The plants began production in June and have been undergoing performance testing since then. Provisional Acceptance is the first of three tests required under the Company's turn-key construction contracts with TIC (The Industrial Company). To pass, the plants had to operate...

2008-08-29 09:00:56

DENVER, Aug. 29 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. -- BioFuel Energy Corp. announced today that its operating subsidiaries, which own and operate the Wood River and Fairmont ethanol plants, had amended their credit agreement. The amendment permits the subsidiaries' full access to their $20 million working capital facility and permits daily access to their revenue account, in each case solely for the purchase of corn, natural gas, chemicals, enzymes, denaturant and electricity....

2008-08-12 12:01:59

DENVER, Aug. 12 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. announced that as of the close of business yesterday, it had realized approximately $26.1 million of losses resulting from closing out various corn, ethanol and natural gas hedges. Based on current commodity prices, the Company also had approximately a further $19.9 million of unrealized mark-to-market losses under hedging agreements (for further details, see the attached table). The Company currently does not have sufficient...

2008-07-17 18:00:45

DENVER, July 17 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. announced today that it had made initial shipments of ethanol and distillers grain from its plants in Wood River, Nebraska and Fairmont, Minnesota. Last week, roughly 2 million gallons of ethanol were shipped. The related sales revenue will be reflected in the Company's financial statements for the quarter ending September 30, 2008. (Logo: http://www.newscom.com/cgi-bin/prnh/20070319/LAM081LOGO) As previously announced,...

2008-06-25 18:03:00

DENVER, June 25 /PRNewswire-FirstCall/ -- BIOFUEL ENERGY CORP. announced today the start of commercial operations at its two 115 million gallons per year ethanol plants in Wood River, Nebraska and Fairmont, Minnesota. Both plants have recently begun production of ethanol. The completion of these state-of-the-art facilities represents the culmination of a significant effort by our staff and construction partners. Both facilities were constructed adjacent to Cargill grain elevators that...


Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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