This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BioFuel Energy Shares Jump 62 Percent

SIOUX FALLS, S.D. (AP) ¿ Shares of ethanol producer BioFuel Energy Corp. jumped 62 percent Thursday after the Denver-based company announced it has settled some outstanding issues with its lenders.

Shares gained 42 cents to $1.10 in afternoon trading.

BioFuel Energy said its operating subsidiaries amended their credit agreement with BNP Paribas and a group of lenders, settling all outstanding issues and lifting all defaults.

The subsidiaries, which own and operate two 115-million-gallon plants in Wood River, Neb., and Fairmont, Minn., have converted their outstanding construction loans into term loans that mature in 2014. They made their first principal payment of $3.2 million to the lenders, leaving a principal of $195.4 million.

"With our bank financing issues behind us, we look forward to refocusing on our plant optimization initiatives that are currently underway," Scott H. Pearce, BioFuel Energy's president and chief executive, said in a statement.

The company last month received a delisting warning from the Nasdaq for its shares repeatedly falling under $1.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BIOF $8.19 2.63%
AAPL $117.34 -0.81%
FB $107.12 2.76%
GOOG $767.04 3.29%
TSLA $237.19 3.01%


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs