Earth Biofuels restructures

By | August 08, 2008
As part of its plan to refocus on biodiesel production and distribution, Earth Biofuels Inc. has spun off its subsidiary Earth LNG into a separate publicly traded company, according to company spokeswoman Shawne Horn. Earth Biofuls will continue to own approximately 70 percent of Earth LNG. Earth Biofuels also reduced its senior secured debt owed on its biodiesel production facility in Durant, Okla., by $4 million via a transfer to a $34 million promissory note held by Earth LNG.
 
 
Array ( [REDIRECT_REDIRECT_STATUS] => 200 [REDIRECT_STATUS] => 200 [HTTP_HOST] => biodieselmagazine.com [HTTP_ACCEPT_ENCODING] => x-gzip, gzip, deflate [HTTP_USER_AGENT] => CCBot/2.0 (http://commoncrawl.org/faq/) [HTTP_ACCEPT] => text/html,application/xhtml+xml,application/xml;q=0.9,*/*;q=0.8 [PATH] => /sbin:/usr/sbin:/bin:/usr/bin [SERVER_SIGNATURE] =>
Apache/2.2.15 (CentOS) Server at biodieselmagazine.com Port 80
[SERVER_SOFTWARE] => Apache/2.2.15 (CentOS) [SERVER_NAME] => biodieselmagazine.com [SERVER_ADDR] => 100.79.216.6 [SERVER_PORT] => 80 [REMOTE_ADDR] => 54.234.65.78 [DOCUMENT_ROOT] => /datadrive/websites/biodieselmagazine.com [SERVER_ADMIN] => webmaster@dummy-host.example.com [SCRIPT_FILENAME] => /datadrive/websites/biodieselmagazine.com/app/webroot/index.php [REMOTE_PORT] => 60494 [REDIRECT_QUERY_STRING] => url=articles/2649/earth-biofuels-restructures [REDIRECT_URL] => /app/webroot/articles/2649/earth-biofuels-restructures [GATEWAY_INTERFACE] => CGI/1.1 [SERVER_PROTOCOL] => HTTP/1.0 [REQUEST_METHOD] => GET [QUERY_STRING] => url=articles/2649/earth-biofuels-restructures [REQUEST_URI] => /articles/2649/earth-biofuels-restructures [SCRIPT_NAME] => /app/webroot/index.php [PHP_SELF] => /app/webroot/index.php [REQUEST_TIME_FLOAT] => 1516728758.911 [REQUEST_TIME] => 1516728758 )