debt
confidence high
sentiment neutral
materiality 0.60
Green Plains completes conversion of $64M convertible notes into 4.25M common shares
Green Plains Inc.
- All $64.0M of 4.00% Convertible Senior Notes due 2024 were converted into common stock.
- Holders converted at 66.4178 shares per $1,000 principal, issuing 4,250,732 shares total.
- Conversions executed July 1-8, 2022; notes fully retired effective July 8, 2022.
- Shares issued under Section 3(a)(9) exemption; no commissions paid for exchange.
- Redemption was triggered by optional redemption call on May 25, 2022.