Limetree Bay Refinery Receives Bankruptcy Loan Permit

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An idle US Virgin Islands refinery has received bankruptcy judge approval for an emergency loan as it embarks on its second trip through bankruptcy in six years.

Limetree Bay Refining LLC on Santa Cruz Island may use the first $ 5.5 million from the $ 25 million bankruptcy loan to cover the salaries of 271 employees and payments to suppliers, Judge David Jones said at a hearing in the U.S. Bankruptcy Court on Tuesday. in Houston.



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