Green Plains announces intention to launch $200 million IPO

March 9, 2015 |

In Nebraska, Green Plains announced that its newly-formed subsidiary, Green Plains Partners LP, has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission. The registration statement is for a proposed underwritten initial public offering of common units representing limited partner interests in the newly-formed Partnership. It is anticipated that the IPO will raise approximately $200-$250 million in gross proceeds; however, the date, number of common units to be sold and the price range for the proposed IPO have not yet been determined and are subject to a number of factors, including market conditions.

It is expected that the initial assets of the Partnership will consist of Green Plains’ downstream ethanol transportation and storage assets located in 12 states throughout the Midwest and Southeast United States.

Category: Fuels

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