Gevo converts $16.5 million of 2017 senior secured notes to 2020 equivalent

In Colorado, Gevo, Inc. announced that WB Gevo, Ltd. (“Whitebox”), the holder of the Company’s issued and outstanding Senior Secured Convertible Notes, due June 23, 2017 and the Company have entered into an Exchange and Purchase Agreement pursuant to which Whitebox has agreed to exchange all $16.5 million of the existing 2017 Notes for the Company’s newly created 12.0% Senior Secured Convertible Notes due 2020 The Exchange and the issuance of the 2020 Notes require stockholder approval.

Gevo: The Digest’s 2015 5 Minute Guide