{"id":17970,"date":"2010-09-29T07:58:44","date_gmt":"2010-09-29T11:58:44","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=17970"},"modified":"2010-09-29T11:04:21","modified_gmt":"2010-09-29T15:04:21","slug":"hedge-funds-provide-biofuel-company-with-bridge-loan","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2010\/hedge-funds-provide-biofuel-company-with-bridge-loan.html","title":{"rendered":"Hedge Funds Provide Biofuel Company With Bridge Loan"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/09\/home-mortgage-bridge-loans-rock-bridge_3968380.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-17974\" title=\"Hedge Fund Bridge Loan\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/09\/home-mortgage-bridge-loans-rock-bridge_3968380.jpg\" alt=\"\" width=\"297\" height=\"169\" \/><\/a>New York (HedgeCo.net) &#8211; Hedge funds Third Point and Greenlight Capital have made a short-term loan of $19.4 million to BioFuel Energy Corp., in which they hold shares, MarketWatch reports.<\/p>\n<p>With a 12.4% interest rate, a 4% fee and and repayments by March 24, 2011, the  Securities and Exchange Commission reports that the bridge loan is secured by an equity stake in a BioFuel subsidiary.<\/p>\n<p>The two hedge funds own 69% of BioFuel\u2019s outstanding common shares combined, MarketWatch said. Third Point and Greenlight stand to make profits if BioFuel does not produce the payments.<\/p>\n<p>With a debt of $212 million, BioFuel has lost $57 million since 2007.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Hedge funds Third Point and Greenlight Capital have made a short-term loan of $19.4 million to BioFuel Energy Corp., in which they hold shares, MarketWatch reports. With a 12.4% interest rate, a 4% fee and and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,3],"tags":[],"class_list":["post-17970","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=17970"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17970\/revisions"}],"predecessor-version":[{"id":17977,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17970\/revisions\/17977"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=17970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=17970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=17970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}