NutraCea makes final payments under plan

by Eric Schroeder
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SCOTTSDALE, ARIZ. — NutraCea said it has made the final payment of all amounts due to creditors under the terms of its Plan of Reorganization, thereby meeting all its obligations under the terms of the Amended Plan of Reorganization approved by the U.S. Bankruptcy Court. “We are pleased to have made the final payments due to all creditors under the Amended Plan of Reorganization,” said W. John Short, chief executive officer. “We are proud to have paid in full all of the lenders, suppliers and vendors who supported NutraCea during the entire reorganization process that began with our Chapter 11 filing in November 2009 and culminated in our final payments to creditors at the beginning of this week. No creditor that participated in the court supervised restructuring process lost money doing business with NutraCea. NutraCea used the Chapter 11 process exactly as it was intended. Under the supervision of the bankruptcy court, we restructured our business, repaid all creditors in full and protected the interests of the shareholders who invested in NutraCea prior to the bankruptcy filing.”

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