Gevo, Inc. (GEVO): debt financing — Gevo RNG subsidiary issues $40M new bonds, refinances debt, releases $30M liquidity

Gevo, Inc.

Gevo NW Iowa RNG issued $40M in 2025 bonds (8.125%-8.5%) to refinance $40M of the $68.2M Series 2021 bonds.
Refinancing released $30M of restricted cash to Gevo's balance sheet after transaction costs and reserve funding.
Bonds mature in 2030 ($13.8M) and 2036 ($26.2M); interest payable semiannually starting January 1, 2026.
Gevo expects to refinance the remaining 2021 bond balance later this year with an additional series of 2025 bonds.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Gevo, Inc. incurred senior notes of $26,165,000 with UMB Bank, N.A., as trustee at 8.500% per annum maturing July 1, 2036.

Instrument: senior notes
Principal: $26,165,000
Counterparty: UMB Bank, N.A., as trustee
Rate: 8.500% per annum
Maturity: July 1, 2036
Event: incurrence

Exact text from the filing

Pursuant to a promissory note evidencing the Company’s obligations under the Bond Financing Agreement, the Company has promised to pay to the Issuer, on July 1, 2030, the principal amount of $13,835,000 for the Bonds with a 2030 maturity subject to redemption prior to stated maturity (the “2030 Bonds”), on July 1, 2036, the principal amount of $26,165,000 for the Bonds with a 2036 maturity subject to redemption prior to stated maturity (the “2036 Bonds”), and interest at the interest rates and at the times provided for the Bonds, which is 8.125% per annum for the 2030 Bonds and 8.500% per annum for the 2036 Bonds on each January 1 and July 1, commencing January 1, 2026.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Gevo, Inc. incurred senior notes of $13,835,000 with UMB Bank, N.A., as trustee at 8.125% per annum maturing July 1, 2030.

Instrument: senior notes
Principal: $13,835,000
Counterparty: UMB Bank, N.A., as trustee
Rate: 8.125% per annum
Maturity: July 1, 2030
Event: incurrence

Exact text from the filing

Pursuant to a promissory note evidencing the Company’s obligations under the Bond Financing Agreement, the Company has promised to pay to the Issuer, on July 1, 2030, the principal amount of $13,835,000 for the Bonds with a 2030 maturity subject to redemption prior to stated maturity (the “2030 Bonds”), on July 1, 2036, the principal amount of $26,165,000 for the Bonds with a 2036 maturity subject to redemption prior to stated maturity (the “2036 Bonds”), and interest at the interest rates and at the times provided for the Bonds, which is 8.125% per annum for the 2030 Bonds and 8.500% per annum for the 2036 Bonds on each January 1 and July 1, commencing January 1, 2026.

View on SEC.gov

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Gevo, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-066988

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