Green Plains to buy food unit and raise funds for Abengoa plants purchase

In Nebraska, Green Plains is splitting its aces, on one hand preparing to pay up to $275 million for an undisclosed “complementary part” of an undisclosed food company while selling $150 million in convertible senior notes due in 2022 to partially fund its purchase of two Abengoa ethanol plants. The company’s CEO back in 2013 said he saw the company positioned among the agro giants like ADM and Cargill, a direction that is supported by the growth and continued diversification of the business along “complementary” lines.

Abengoa Bioenergy: The Digest’s 2015 5 Minute Guide