debt
confidence high
sentiment neutral
materiality 0.55
Green Plains exchanges $12.5M of 4.125% convertible notes for common stock
Green Plains Inc.
- Two exchange agreements: $8.0M principal exchanged for shares at daily VWAP over averaging period.
- Second agreement: $4.5M principal exchanged for fixed 161,964 shares of common stock.
- Accrued and unpaid interest on exchanged notes will be paid in cash at closing.
- Closings expected by August 8 and August 9, 2022, subject to customary conditions.