Green Plains repays $500 million senior secured term loan due 2023

In Nebraska, Green Plains Inc. announced that it has repaid its entire obligation for the $500 million senior secured term loan due 2023. All of the company’s assets and subsidiaries, not including Green Plains Partners LP, are unencumbered from term debt.

“When we announced our portfolio optimization plan in May, our priorities included proving the value of our assets and significantly reducing or eliminating term debt and I am pleased to say we have achieved those objectives,” said Todd Becker, president and chief executive officer of Green Plains Inc. “For the first time in Green Plains’ history, we have no term debt which is a direct result of our efforts to strengthen our balance sheet through the completion of the reported asset sales.”

“We continue to focus our efforts on additional asset divestments, investing in high-protein process technology, repurchasing shares and reducing controllable expenses,” Becker added.