m_and_a
confidence high
sentiment positive
materiality 0.75
Green Plains sells Obion ethanol plant to POET for $190M; retires junior mezzanine debt
Green Plains Inc.
- Sale of Rives, TN ethanol plant (120M gal nameplate capacity, ~13% of total) to POET for $190M cash including ~$20M working capital.
- Proceeds will fully retire junior mezzanine notes due 2026 and enhance liquidity; expected close Q3 2025.
- Strategic review concluded: Board determined best positioned to create value by executing current strategy under existing leadership.
- Green Plains to continue carbon reduction strategy and capital discipline following divestiture.
- BMO Capital Markets and Moelis & Company served as financial advisors; Vinson & Elkins as legal advisor.
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