Dec 10 (Reuters) - BioFuel Energy Corp:
* Resolves hedging loss issues
* Says it and Cargill were able to establish a debt repayment plan that with
recent payments has reduced the outstanding debt to $11.4 million
* Says Cargill has agreed to forgo all interest through November 30th
* Says its Wood River, Nebraska plant had achieved substantial completion
* Says Fairmont, Minnesota plant failed to pass substantial completion due to
continuing issues with its distillers grain dryers
* Says expects both plants to be running at capacity by year-end
* Says expects to operate at cash breakeven in the first quarter prior to debt
repayments
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Resolves hedging loss issues
* Says it and Cargill were able to establish a debt repayment plan that with
recent payments has reduced the outstanding debt to $11.4 million
* Says Cargill has agreed to forgo all interest through November 30th
* Says its Wood River, Nebraska plant had achieved substantial completion
* Says Fairmont, Minnesota plant failed to pass substantial completion due to
continuing issues with its distillers grain dryers
* Says expects both plants to be running at capacity by year-end
* Says expects to operate at cash breakeven in the first quarter prior to debt
repayments
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.