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Green Plains Wraps Up Tennessee Plant Sale to Enhance Liquidity
绿色平原绿色平原(US:GPRE) ZACKS·2025-10-03 21:56

Key Takeaways Green Plains sold its Tennessee ethanol plant to POET Biorefining for 190million.Thesaleproceedswillpayoffjuniormezzaninedebtduein2026,strengtheningthebalancesheet.EnhancedliquiditygivesGreenPlainsflexibilitytopursuestrategyandcarbonreductioninitiatives.GreenPlainsInc. (GPRE)recentlycompletedthesaleofitsethanolplantinRives,TN,toPOETBiorefiningObion,LLCforcashconsiderationof190 million.The sale proceeds will pay off junior mezzanine debt due in 2026, strengthening the balance sheet.Enhanced liquidity gives Green Plains flexibility to pursue strategy and carbon reduction initiatives.Green Plains Inc. (GPRE) recently completed the sale of its ethanol plant in Rives, TN, to POET Biorefining - Obion, LLC for cash consideration of 190 million. This previously announced sale included $20 million of ...