The US Bankruptcy Court gave an order to BioNitrogen Holdings Corp to obtain DIP financing on an interim basis on December 28, 2016. As per the order, the debtor has been authorized to obtain a credit facility in the amount of $0.04 million out of $0.13 million from BioNitrogen Plant FL Taylor, LLC. The DIP facility will be used for debtor's operations and emergency expenditures until such time as the debtors obtain an alternative source of financing.

The final hearing has been scheduled for January 21, 2016