Assets of Agricultural Commodity Firm Business
Listing Information
Assets of Agricultural Commodity Firm Business
Price: $30,500,000.00
Created: 10/04/2021
Category: Business Property > All Assets or Going Concerns > Food Producers
Sale Date: Thu. Oct 28, 2021
Debtor's Attorney
919 N. Market Street, 17th Floor
Wilmington, DE 19899
302 652-4100
Case Title: Agspring Mississippi Region, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of Agspring Mississippi Region, LLC and its affiliated sellers (the “Sellers”). The sellers assets generally described as the “Big River” assets (excluding the “Mer Rouge,” “Monticello,” and “Pioneer Office & Elevator” properties) (collectively, the “Assets”), which include (A) real property and storage facilities in the Mississippi Delta related to coarse grain, oilseed, and rice handling; and (B) all of the sellers rights in any and all permits and licenses, to the extent assignable, related to the Assets and the registrations necessary for the ownership and operation of the Assets, equipment (installed and uninstalled), other tangible personal property, maintenance and service records for equipment, and records of technical information regarding production and processes required to own and operate the Assets.
Assets are more described on the attached PDF.
Financial Overview
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on November 3, 2021 at 10:00 a.m.
- Minimum Bid: Each bid must exceed the purchase price of the Stalking Horse Bid by the Break-Up Fee and Expense Reimbursement amounts, plus at least $300,000 in cash. The value of any non-cash components should be described and supported.
- Bid Deposit: 10% of the proposed cash purchase price
- Bid Deadline: October 25, 2021
- Last date to respond: October 27, 2021