REG to offer $500M in secured notes to refinance green projects

In Nebraska, Renewable Energy Group, Inc. intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of senior secured notes due 2028 in a private placement pursuant to exemptions from the registration requirements of the Securities Act of 1933, as amended.

REG estimates that the net proceeds from this offering will be approximately $489 million, after deducting the initial purchasers’ discount and estimated offering expenses payable by REG. REG intends to use the net proceeds to finance or refinance, in part or in full, new and/or existing eligible green projects, including the expansion of REG’s Geismar, Louisiana biorefinery.