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Dakota Plains Announces Debt Restructuring

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December 11, 2013

Dakota Plains Holdings Inc. (OTC: DAKP) entered into agreements to restructure certain of its outstanding debt, the company announced Dec. 11.

After completion of the debt reduction and the restructuring, Dakota Plains' total promissory notes outstanding will decrease from $26.6 million to $7.7 million.

Through agreements with holders of its outstanding promissory notes due March 1, 2014, Dakota Plains has extended the maturity of $4.6 million principal amount of indebtedness to Sept. 30, 2014. In addition, certain note holders have reduced the principal amount of their promissory notes due Oct. ...

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