Green Plains Inc. (NASDAQ:GPRE) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02. Unregistered Sales of Equity Securities.
As previously reported, Green Plains Inc. (the “Company”) entered into a privately negotiated agreement dated April 12, 2017 with a holder, on behalf of certain beneficial owners, of the Company’s 3.25% Convertible Senior Notes due 2018 (the “2018 Notes”) to which it agreed to issue, in exchange for $24.1 million in aggregate principal amount of the 2018 Notes, (i) an aggregate of 884,220 shares of the Company’s common stock, par value $0.01 per share, plus (ii) a to be determined number of additional shares of common stock based on certain formulaic consideration (“Additional Shares”) and (iii) cash in the amount of accrued but unpaid interest on the 2018 Notes. On April 26, 2017, the Company will exchange 460,078 shares of common stock as Additional Shares for an aggregate of 1,344,298 shares of common stock.
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. Green Plains Inc. (NASDAQ:GPRE) Recent Trading Information
Green Plains Inc. (NASDAQ:GPRE) closed its last trading session up +0.80 at 23.60 with 772,669 shares trading hands.