other material
confidence high
sentiment neutral
materiality 0.55
Green Plains exchanges $19M of convertible notes for 685,956 shares common stock
Green Plains Inc.
- Entered exchange agreements on Aug 3-4, 2022 to swap $19.0M of 4.125% Convertible Senior Notes due 2022 for common stock.
- Issued 685,956 shares on Aug 8-9, 2022; VWAP ranged $36.35-$36.71 for most exchanges.
- Exchange exempt from registration under Section 3(a)(9) of the Securities Act.
- Reduces debt by $19M and increases share count by ~685,956 shares.