Friday, June 22, 2007

AltraBiofuels Raises $165.5M In Debt For Ethanol Plants

Los Angeles-based AltraBiofuels, which is developing renewable biofuel plants, said Thursday afternoon that it has raised $165.5M in debt financing for construction of two ethanol production facilities. The facilities will be located in Coshocton, Ohio and Cloverdale, Indiana. Altra is venture backed by Angeleno Investors, Khosla Ventures, Kleiner Perkins Caufield and Byers, Omninet Capital and Sage Venture Partners. The debt financing for Indiana came from AgStar and Home Federal; the debt financing for the Ohio project came from bonds issued by the Ohio Air Quality Development Authority.

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