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Gevo’s RNG Subsidiary Closes $40 Million in New Bond Sales, Refinances Debt, and Strengthens Gevo Balance Sheet
GevoGevo(US:GEVO) Globenewswire·2025-07-11 04:05

ENGLEWOOD, Colo., July 10, 2025 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that Barclays Capital Inc. has purchased 40millionofnewlyissuednon−recoursetax−exemptprivateactivitybonds(the“2025Bonds”)issuedbytheIowaFinanceAuthorityforthebenefitofGevo’swhollyownedsubsidiary,GevoNWIowaRNG,LLC(“GevoRNG”).Thebondproceedswereusedtorefinance40 million of newly issued non-recourse tax-exempt private activity bonds (the “2025 Bonds”) issued by the Iowa Finance Authority for the benefit of Gevo’s wholly owned subsidiary, Gevo NW Iowa RNG, LLC (“Gevo RNG”). The bond proceeds were used to refinance 40 million of the previously issued Iowa Finance Authority Solid Waste Facility Revenue Bonds (Gevo NW Iowa RN ...