Green Plains Inc. (NASDAQ:GPRE) Files An 8-K Completion of Acquisition or Disposition of Assets
Item2.01. Completion of Acquisition or Disposition of Assets.
The disclosure set forth under Item2.01 of the Current Report on
Form 8-K filed on September26, 2016 is incorporated herein by
reference. As previously described in Current Reports on Form 8-K
with filing dates of June13, 2016,August23, 2016,August31, 2016,
and September1, 2016, Green Plains Inc. entered into two asset
purchase agreements, as amended, with subsidiaries of Abengoa
S.A. to acquire three ethanol plants, with combined production
capacity of 236million gallons per year, located in Madison,
Illinois, Mount Vernon, Indiana and York, Nebraska. Effective
September23, 2016, Green Plains Inc. acquired the three ethanol
plants for approximately $237 million in cash plus certain
working capital adjustments.
Item9.01. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired. The
financial statements required under this Item9.01(a) for Abengoa
Bioenergy Maple, LLC, which reflect the Madison, Illinois and
Mount Vernon, Indiana ethanol plants, are attached as Exhibits
99.1 and 99.2.
In a letter dated September30, 2016 from the Securities and
Exchange Commissions Division of Corporation Finance (the
Division), the Division stated that it will not object to Green
Plains Inc.s proposal to provide abbreviated audited carve-out
financial statements for the York ethanol plant, consisting of
statements of revenues and direct expenses (in lieu of a
statement of operations) for the required periods, and a
statement of assets acquired and liabilities assumed as of
September23, 2016, prepared on the basis of Green Plains Inc.s
allocation of the purchase price. The financial statements
required under this Item9.01(a) for the York ethanol plant are
attached as Exhibits 99.3, 99.4 and 99.5.
(b) Pro forma financial information. The pro forma
financial information required under this Item9.01(b) is attached
as Exhibit99.6.
(d) Exhibits. The following exhibits are filed as part of
this report.
|
Exhibit No. |
Description of Exhibit |
|
| 23.1 | Consent of Deloitte Touche LLP | |
| 23.2 | Consent of Deloitte Touche LLP | |
| 23.3 | Consent of KPMG LLP | |
| 99.1 |
Audited consolidated balance sheets of Abengoa Bioenergy Maple, LLC and subsidiaries as of December31, 2015 and 2014, and the audited consolidated statements of operations, comprehensive income (loss), changes in members equity and cash flows of Abengoa Bioenergy Maple, LLC and subsidiaries for the years ended December31, 2015, 2014 and 2013. |
|
| 99.2 |
Unaudited consolidated balance sheet of Abengoa Bioenergy Maple, LLC and subsidiaries as of June30, 2016 and December 31, 2015, and the unaudited consolidated statements of operations, changes in members equity and cash flows of Abengoa Bioenergy Maple, LLC and subsidiaries for the six-month periods ended June30, 2016 and 2015. |
|
| 99.3 |
Audited statement of revenues and direct operating expenses of the York, Nebraska ethanol plant for the years ended December31, 2015, 2014 and 2013. |
|
| 99.4 |
Unaudited statement of revenues and direct operating expenses of the York, Nebraska ethanol plant for the six months ended June30, 2016 and 2015. |
|
| 99.5 |
Audited statement of assets acquired and liabilities assumed of the York, Nebraska ethanol plant as of September23, 2016. |
|
| 99.6 |
Unaudited pro forma condensed combined statements of operations of Green Plains Inc. for the six months ended June30, 2016 and for the year ended December31, 2015. |
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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. Green Plains Inc. (NASDAQ:GPRE) Recent Trading Information
Green Plains Inc. (NASDAQ:GPRE) closed its last trading session down -0.10 at 27.75 with 893,199 shares trading hands.
