Green Plains Completes Sale of Birmingham, Alabama Unit Train Terminal
01 Ottobre 2024 - 10:20PM
Business Wire
Green Plains Inc. (NASDAQ:GPRE) today announced that its
subsidiary, Birmingham BioEnergy Partners, LLC has completed the
sale of its unit train terminal in Birmingham, Ala. to Lincoln
Terminal Company, LLC. The proceeds of the sale were used to repay
the outstanding balance of the Green Plains Partners term loan due
July 20, 2026.
“We are pleased to have completed the sale of the unit train
terminal in Birmingham, helping to eliminate the remaining
partnership debt,” commented Todd Becker, President and Chief
Executive Officer. “This transaction further strengthens our
balance sheet and helps us to achieve the simplification and cost
savings we anticipated after the buy-in of Green Plains Partners in
January.”
About Green Plains Inc.
Green Plains Inc. (NASDAQ:GPRE) is a leading biorefining company
focused on the development and utilization of fermentation,
agricultural and biological technologies in the processing of
annually renewable crops into sustainable value-added ingredients.
This includes the production of cleaner low carbon biofuels and
renewable feedstocks for advanced biofuels. Green Plains is an
innovative producer of Sequence™ and novel ingredients for animal
and aquaculture diets to help satisfy a growing global appetite for
sustainable protein. For more information, visit
www.gpreinc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241001872884/en/
Investors: Phil Boggs | Executive Vice President,
Investor Relations & Finance | 402.884.8700 |
phil.boggs@gpreinc.com Media: Devin Mogler | Senior Vice
President, Corporate & Investor Relations | 402.884.8700 |
devin.mogler@gpreinc.com
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