BIOX Corporation Completes Cross-Border Joint Venture Acquisition of 90 Million USG Biodiesel Facility in Houston and Secured Debt FinancingJune 30, 2016
BIOX Corporation (TSX: BX), a renewable energy company that owns and operates biodiesel production facilities, acquired a 341 million litre biodiesel production facility in Houston, Texas by way of a 50/50 joint venture with World Energy Houston LLC, with each company contributing US$10 million to the joint venture. BIOX funded the acquisition by way of a US$10 million secured debt financing, pursuant to which it issued an aggregate of US$10 million of secured notes and 4,400,000 common share purchase warrants.
Wildeboer Dellelce LLP represented BIOX Corporation in connection with the transaction with a team that included Charlie Malone, Sanjeev Patel, Michael Rennie, Lara Wharton and Tajrin Nayeem (corporate /securities) and Steven Vasilevski (debt products).
Visit website »