Imperium receives funds to repay debt

By | November 13, 2008
Imperium Renewables Inc. has received a cash infusion from its investors to satisfy its secured project lender Société Générale, lien holders and unsecured creditors. The company said it also retained an independent third-party business debt restructuring firm to assist in negotiating with its creditors to settle its remaining creditor obligations, leaving it with sufficient capital to continue operations. Neither the specific amount of funding, nor the total outstanding debt was released.
 
 
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