BlockRock funds invest in Fluid Quip Technologies

In Nebraska, Green Plains Inc. announced that funds and accounts managed by BlackRock have invested alongside Ospraie Management and Green Plains in Fluid Quip Technologies LLC. In addition, Green Plains announced the completion of a $125 million, 5-year mezzanine note facility with BlackRock. The proceeds will initially support the construction and deployment of Ultra-High Protein technology and production at Green Plains’ Obion, Tenn. and Mount Vernon, Ind. facilities. As part of the transaction, BlackRock acquired 2,000,000 warrants for Green Plains stock (each warrant equal to one share of stock) with a strike price of $22 per share.