GREEN PLAINS INC. (NASDAQ:GPRE) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02.
On June 23, 2017, Green Plains Inc. (the “Company”) entered into a privately negotiated agreement with a holder, on behalf of certain beneficial owners, of the Company’s 3.25% Convertible Senior Notes due 2018 (the “2018 Notes”). Under the agreement, the Company will exchange 609,562 shares of its common stock, par value $0.01 per share, and approximately $8.5 million in cash plus accrued but unpaid interest, for approximately $17.5 million in aggregate principal amount of 2018 Notes. The Company expects to complete the exchange by June 28, 2017, subject to customary closing conditions.
The exchange of treasury shares of common stock for the 2018 Notes is being made to an exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended. This current report on Form 8-K does not constitute an offer to exchange the 2018 Notes or other securities of the Company for common stock or other securities of the Company.
About GREEN PLAINS INC. (NASDAQ:GPRE)
Green Plains Inc. (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain. Its ethanol production segment includes over 10 ethanol plants in Indiana, Iowa, Michigan, Minnesota, Nebraska, Tennessee, Texas and Virginia. The Company owns and operates grain handling and storage assets through its agribusiness segment. The Company’s marketing and distribution segment is engaged in marketing and providing logistical services for ethanol and other commodities for a third-party ethanol producer. The Company’s partnership segment provides fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.
