CORRECTED-Fisker files Chapter 11, U.S. recoups $25 mln in loan sale

Fri Nov 22, 2013 5:34pm EST

WASHINGTON/DETROIT Nov 22 (Reuters) - The U.S. Department of Energy sold its green-technology loan in Fisker Automotive to an investor group for $25 million, a spokesman for Tennessee Republican Marsha Blackburn said on Friday.

Fisker, the dormant California-based maker of hybrid-electric sports cars, also filed for Chapter 11 bankruptcy protection Friday as part of a restructuring effort.

Hybrid Tech Holdings LLC is purchasing Fisker's assets and will provide $8 million in debtor-in-possession financing to fund the sale and restructuring.

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