Article: Nova Biosource Fuels Announces First Funding Under $41 Million Senior Secured Credit Facility.

$10.6 Million Funding Milestone Continues Progress at Seneca, Illinois Biodiesel Refinery

HOUSTON, March 4 /PRNewswire-FirstCall/ -- Nova Biosource Fuels, Inc. announced today that it has satisfied the conditions precedent and completed its first funding of $10.6 million under its $41 million senior secured credit facility with WestLB AG, one of the world's leading financial services providers for alternative energy companies. The proceeds of the loan were used to pay project costs and related fees and expenses in connection with the on-going construction of its 60 million gallon per year biodiesel refinery in Seneca, Illinois. The refinery is mechanically ...

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