Green Plains Completes $200 Million Convertible Note Exchange and Subscription Transactions

Green Plains has completed a $200 million convertible note exchange and subscription transactions, exchanging $170 million of 2.25% Convertible Senior Notes due 2027 for $170 million of 5.25% Convertible Senior Notes due 2030, and issuing $30 million of 2030 Notes for $30 million in cash. The company repurchased approximately 2.9 million shares of its common stock using net proceeds from the subscription transactions. The 2030 Notes will bear interest at a rate of 5.25% per year and can be redeemed in whole or in part on or after November 1, 2028, under certain conditions.