Green Plains Inc. (NASDAQ:GPRE) Files An 8-K Entry into a Material Definitive Agreement

Item1.01

On April28, 2017, Green Plains Cattle Company LLC (GPC) entered
into an amendment of its senior secured asset-based revolving
credit facility with a group of lenders led by Bank of the West
and ING Capital LLC. This amendment was completed to fund the
additional working capital requirements related to the pending
acquisition of two cattle feedlots located in Leoti, Kansas and
Yuma, Colorado.

The revolving credit facility is used to finance the working
capital for all of GPCs cattle feedlot operations up to the
maximum commitment, based on eligible collateral equal to the sum
of percentages of eligible receivables, inventories and other
current assets, less miscellaneous adjustments. The amendment
increases the maximum commitment from $100million to $200million
until July31, 2017, when it increases to $300million. The
maturity date is extended from October31, 2017 to April30, 2020.

Advances under the revolving credit facility, as amended, are
subject to variable interest rates equal to LIBOR plus 2% to 3%
or the base rate plus 1% to 2%, depending on the preceding three
months excess borrowing availability. The credit facility also
includes an accordion feature that enables the maximum commitment
to be increased by up to $100million with agent approval. The
unused portion of the credit facility is also subject to a
commitment fee of 0.20% to 0.30% per annum, depending on the
preceding threemonths excess borrowing availability. Interest is
payable as required but no less than quarterly in arrears and
principal is due upon maturity.

Lenders receive a first priority lien on certain cash, inventory,
accounts receivable, property and equipment and other assets
owned by GPC as security on the credit facility. The amended
terms impose affirmative and negative covenants, including
maintaining working capital of 15% of the commitment amount,
tangible net worth of 20% of the commitment amount and a total
debt to tangible net worth ratio of 3.50x or less. Capital
expenditures are limited to $10.0million per year under the
credit facility, plus $10.0million per year if funded by a
contribution from the parent, plus unused amounts from the
previous year.

The information set forth in Item 1.01 above is incorporated into
this Item 2.03 by reference.

(d) Exhibits. The following exhibits are filed as part of this
report.

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 00.00 at 23.00 with 1,344,297 shares trading hands.