On December 8, 2014, an objection to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of KiOR, Inc. and its affiliates.
The filing was assigned docket number 128 and is described on the court’s official docket as follows:
Objection PRELIMINARY OBJECTION OF THE MISSISSIPPI DEVELOPMENT AUTHORITY TO: (1) DEBTOR’S MOTION FOR INTERIM AND FINAL ORDERS: (I) AUTHORIZING THE DEBTOR TO OBTAIN POSTPETITION FINANCING; (II) AUTHORIZING USE OF CASH COLLATERAL; (III) GRANTING ADEQUATE PROTECTION TO THE PREPETITION SECURED PARTIES; (IV) GRANTING LIENS AND PROVIDING SUPERPRIORITY ADMINISTRATIVE EXPENSE STATUS; (V) MODIFYING AUTOMATIC STAY; AND (VI) SCHEDULING A FINAL HEARING;2 AND (2) DEBTOR’S MOTION PURSUANT TO 11 U.S.C. §§ 105,363, AND 365 FOR ENTRY OF (I) AN ORDER (A) AUTHORIZING AND APPROVING BID PROCEDURES IN CONNECTION WITH THE POTENTIAL SALE OF SUBSTANTIALLY ALL OF THE DEBTORS ASSETS; (B) AUTHORIZING THE DEBTOR TO ASSUME THE PLAN SUPPORT AGREEMENT; (C) SCHEDULING AN AUCTION AND SALE HEARING; (D) APPROVING THE MANNER AND FORM OF NOTICE OF THE AUCTION AND SALE HEARING; AND (E) GRANTING RELATED RELIEF; AND (II) AN ORDER APPROVING THE SALE OF SUBSTANTIALLY ALL OF THE DEBTORS ASSETS FREE AND CLEAR OF ALL INTERESTS; (B) AUTHORIZING THE ASSUMPTIONAND ASSIGNMENT OF CERTAIN EXECUTORY CONTRACTS AND UNEXPIRED LEASES; AND (C) GRANTING RELATED RELIEF (related document(s), ) Filed by Mississippi Development Authority (Meloro, Dennis)
KiOR, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 9, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 14-12514. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of King & Spalding, LLP is acting as lead bankruptcy counsel to KiOR, Inc. in the bankruptcy case.