debt
confidence high
sentiment neutral
materiality 0.50
Green Plains exchanges $13.55M convertible notes for 487,616 shares
Green Plains Inc.
- Company exchanged $13.55M aggregate principal of 4.125% convertible notes due 2022 for 487,616 shares of common stock.
- Exchange with certain noteholders; expected to close by August 26, 2022.
- Exchange reduces debt and retires the notes; accrued interest paid in cash.
- Shares issued without registration under Section 3(a)(9) of the Securities Act.