Co-Placement Agent
Green Plains Inc.
Debt Capital Markets
Convertible Senior Notes
Transaction Details
- On August 15, 2016, Green Plains Inc. (“Green Plains” or “the Company”) completed a $170.0 million offering of 4.125% Convertible Senior Notes due 2022
- The notes will be convertible (at the option of the holders) into cash, common stock, or a combination (at the option of the Company), at $28.00 per share, representing a 22.5% conversion premium
- The offering was increased from $150.0 million to $170.0 million given strong investor demand
- The Company intends to use the offering proceeds for general corporate purposes, including financing a portion of the acquisition of two ethanol plants affiliated with Abengoa Bioenergy
- Stephens Inc. acted as a Co-Placement Agent in the offering
About the company
Green Plains Inc. is a diversified commodity-processing business with operations related to ethanol, distillers grains and corn oil production; grain handling and storage; a cattle feedlot; and commodity marketing and distribution services. For more information please visit www.gpreinc.com.
Sources: Company filings and Stephens Inc. internal data.
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