Sun, Jul 13, 2014, 4:59 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

KiOR, Inc. (KIOR) Message Board

  • lindbergh9 lindbergh9 Aug 29, 2013 6:21 PM Flag

    Anyone see the Form 8-K today?

    29-Aug-2013

    Unregistered Sale of Equity Securities, Financial Statements and Exhibits

    Item 3.02. Unregistered Sale of Equity Securities.
    As previously disclosed, on March 17, 2013, KiOR, Inc. (the "Company") and its wholly-owned subsidiary Kior Columbus, LLC, ("KiOR Columbus") entered into an amendment no. 1 (the "Amendment") to the Loan and Security Agreement, dated as of January 26, 2012 (as amended by the Amendment, the "Loan and Security Agreement") with the Company and KiOR Columbus as borrowers (collectively, the "Borrowers"), 1538731 Alberta Ltd. as agent and lender, and 1538716 Alberta Ltd., as lender, (collectively, the "Alberta Lenders"), and KFT Trust, Vinod Khosla, Trustee, ("Khosla" and, collectively with the Alberta Lenders, the "Lenders").
    Pursuant to the original Loan and Security Agreement, the Alberta Lenders had made a term loan to the Borrowers in the principal amount of $50 million and Khosla had made a term loan to the Borrowers in the principal amount $25 million, for a total of $75 million in principal amount (collectively, the "Loan Advance"). The Amendment, among other things, increased the amount available under the facility by $50 million, which the Borrowers may borrow from Khosla, based on the Borrowers's capital needs, before March 31, 2014, subject to the terms of the Loan and Security Agreement.

    On August 27, 2013, the Company borrowed $10 million from Khosla pursuant to the Loan and Security Agreement

    I'm assuming this is good news????

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Actually, bad, they borrowed the last $10M under their existing loan agreement. They have a month to obtain significant additional funds or the curtain comes down on yet another green energy company. Oh well, my other risk investment seems to be doing well, I guess 50% isn't bad on high risk bets. We will see, I still think that if they are going to make it, they will have to announce some dang good news regarding production in September, but up until that pre CC "victory lap" PR they released a few weeks ago, they have almost never released news outside of the CC's. Things are probably getting a little tense at KIOR HQ.

 
KIOR
0.34-0.02(-5.56%)Jul 11 3:58 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.