Posts Tagged ‘default’

KiOR borrows $25M; avoids defaulting on loan

COLUMBUS — Alternative-fuel maker KiOR Inc. has borrowed enough money to keep operating through August. The Pasadena, Texas, company, which has a $225-million plant in Columbus, had warned last month that it had to raise more money for research and plant improvements. KiOR, in a stock filing today, said it had completed a deal to […] [...]

Supervisor: Would be ‘catastrophic’ if hospital defaulted on payment

NATCHEZ — Natchez Regional Medical Center wants to take Adams County’s taxpayers off the hook as cosigners for its revenue bond. The Natchez Democrat reports the Mississippi Development Bank in 2006 required the hospital to show collateral before it would reissue the revenue bond. Adams County pledged a 5-mill standby tax that would not be […] [...]

County reclaims hospital after operator defaults on lease

by Associated Press Published: August 6,2012

Tags: county, county government, default, health, health care, hospital, lease, medical, medicine, public health

PORT GIBSON — Claiborne County supervisors have taken back the local hospital after the former operator missed two years’ of lease payments. The board voted to retake the facility from Tupelo-based Rural Healthcare Developers, the Vicksburg Post reports. County administrator James Johnson said business continues as usual. The 25-bed facility is now called Claiborne County […] [...]

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