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PASADENA, Texas–(BUSINESS WIRE)–KiOR, Inc. (NASDAQ: KiOR), a next-generation renewable fuels company, today announced that it has closed a $75 million four-year term loan with a lender group.
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Kior Inc., a biofuel producer backed by billionaires vinod khosla and Bill Gates, is considering selling itself after missing a $1.88 million loan payment. as much as $25 million to support the.
KiOR, the struggling Pasadena-based bio- fuels company that has fallen short. of nearly $1.9 million last Monday on what was originally a $75 million no-interest loan. Kior said if it defaults, it.