Gevo Completes Debt Refinancing Transaction to Simplify its Debt Structure with New Consolidated Facility

Rhea-AI Summary

Gevo (NASDAQ: GEVO) closed a refinancing on Feb 6, 2026 that consolidates and simplifies its debt into a new $175 million loan facility with Orion Infrastructure Capital and a $20 million revolving credit facility with Huntington National Bank.

Gevo redeemed ~$68 million of RNG-related bonds, freeing >$35 million of previously restricted cash, reducing administrative costs without a material change to total outstanding debt.

Positive

• $175M consolidated facility with Orion Infrastructure Capital
• Redemption of $68M RNG bonds simplified capital structure
• Freed >$35M of previously restricted cash for operations
• New $20M revolving credit for working capital at Gevo North Dakota
• Lower administrative costs after consolidation

Negative

• No material reduction in total outstanding debt following the refinancing

Key Figures

RNG bonds redeemed: $68 million Restricted cash freed: more than $35 million Consolidated loan facility: $175 million +1 more

4 metrics

RNG bonds redeemed $68 million Existing tranches of bonds at RNG subsidiary redeemed Feb 6, 2026

Restricted cash freed more than $35 million Cash released by bond redemptions with no material change in total debt

Consolidated loan facility $175 million Orion Infrastructure Capital facility consolidating North Dakota and RNG debt

Revolver size up to $20 million Revolving credit facility with Huntington for Gevo North Dakota working capital

Market Reality Check

Price: $1.87 Vol: Volume 1,544,482 is at 0....

low vol

$1.87 Last Close

Volume Volume 1,544,482 is at 0.54x the 20-day average of 2,841,072, suggesting muted pre-news interest. low

Technical Price at $1.86 is trading above the 200-day MA of $1.76, but remains 36.95% below the 52-week high of $2.95.

Peers on Argus

GEVO was down 2.11% with mixed peer action: MNTK -0.57%, AMTX -2.58%, CLMT -2.71...

GEVO was down 2.11% with mixed peer action: MNTK -0.57%, AMTX -2.58%, CLMT -2.71%, LOOP flat, and LWLG up 5.93%. This points to more company-specific trading rather than a clean sector-wide move.

Historical Context

5 past events · Latest: Feb 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 04	Sustainability partnership	Positive	-1.1%	Integration to enhance traceable agricultural practices and carbon credit data flow.
Jan 21	Leadership discussion	Positive	+3.1%	Announcement of virtual fireside chat on leadership transition and strategic direction.
Jan 21	Carbon credits milestone	Positive	+3.1%	Milestone of 500,000 engineered carbon removal credits and strong third‑party ratings.
Jan 16	Executive appointment	Positive	-0.5%	Creation of Chief Carbon Officer role to drive carbon market expansion strategy.
Jan 14	IP / patent award	Positive	+1.5%	Award of U.S. patent for ethanol-to-olefins process to produce renewable jet fuel.

Pattern Detected

Recent GEVO news has generally been positive, but price reactions have been modest and mixed, with both gains and small pullbacks following constructive operational and strategic updates.

Recent Company History

Over the past month, GEVO has issued several operational and strategic updates, including carbon credit milestones, leadership changes, and IP expansion at Gevo North Dakota. Events on Jan 14 and Jan 21 with patent and carbon credit news saw modest positive moves, while other organizational or partnership items produced small declines. Today’s refinancing and balance sheet simplification fits into this pattern of incremental de‑risking and strategic positioning around Gevo North Dakota and carbon markets.

Market Pulse Summary

This announcement centers on refinancing that consolidates debt and improves liquidity. GEVO redeeme...

Analysis

This announcement centers on refinancing that consolidates debt and improves liquidity. GEVO redeemed about $68 million of RNG bonds, freeing more than $35 million of restricted cash, and combined obligations into a $175 million facility plus a $20 million revolver for Gevo North Dakota. Investors may track future filings and operational updates to see how this simplified structure supports low‑carbon ethanol operations and capital allocation discipline.

Key Terms

restricted cash, term debt, revolving credit facility

3 terms

restricted cash financial

"allowed Gevo to free up more than $35 million of previously restricted cash"

Cash that a company holds but cannot use for day-to-day operations because it is set aside for a specific purpose—such as meeting loan covenants, serving as collateral, funding an escrow, or complying with regulations. Like money in a locked savings account earmarked for a bill, restricted cash reduces the cash available to run the business and pay dividends or debts, so investors treat it differently when assessing a company’s true short-term financial strength.

term debt financial

"consolidates the existing Gevo North Dakota term debt with the debt"

Term debt is money a company borrows that must be paid back on a fixed schedule over a set period, usually longer than a year, such as a multi-year loan or a bond. It matters to investors because it shapes a company’s future cash commitments, interest costs and financial risk — like a mortgage versus a short-term bill — and therefore influences profitability, creditworthiness and the potential for dilution or default.

revolving credit facility financial

"Gevo entered a revolving credit facility of up to $20 million with Huntington"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

AI-generated analysis. Not financial advice.

ENGLEWOOD, Colo., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), a leader in renewable fuels and chemicals, as well as carbon management, today announced the successful closing of a refinancing transaction on February 6, 2026 that simplifies the company’s capital structure. As part of the transaction, Gevo redeemed all existing tranches of bonds relating to its renewable natural gas (“RNG”) subsidiary, which totaled approximately $68 million. The bond redemptions allowed Gevo to free up more than $35 million of previously restricted cash without a material change to the company’s total outstanding debt and with lower administrative costs.

The $175 million loan facility with Orion Infrastructure Capital (“OIC”) consolidates the existing Gevo North Dakota term debt with the debt associated with Gevo’s RNG subsidiary. In addition, on February 6, 2026, Gevo entered a revolving credit facility of up to $20 million with Huntington National Bank. This flexible credit provides working capital for Gevo’s low-carbon ethanol plant operations at Gevo North Dakota.

About Gevo
Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including sustainable aviation fuel (“SAF”), motor fuels, chemicals, and other materials that provide U.S.-made solutions. Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility and Class VI carbon-storage well. Gevo also owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. Additionally, Gevo developed the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals operating since 2012. Gevo is currently developing the world’s first large-scale ATJ facility to be co-located at our North Dakota site. Gevo’s market-driven “pay-for-performance” approach regarding carbon and other sustainability attributes helps deliver value to our local economies. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring, and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

For more information, see www.gevo.com.

Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters including, without limitation, the liquidity effects of the refinance transaction of the working capital facility, the expected uses of the working capital facility, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations, and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events, or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Media Contact
Heather L. Manuel
VP, Stakeholder Engagement & Partnerships
PR@gevo.com

IR Contact
Eric Frey
VP of Finance & Strategy
IR@Gevo.com

FAQ

What did Gevo (GEVO) announce on Feb 6, 2026 about its debt structure?

Gevo completed a refinancing that consolidated debt into a $175 million facility and a $20 million revolver. According to the company, the transaction redeemed about $68 million of RNG-related bonds and freed more than $35 million of previously restricted cash.

How much restricted cash did Gevo free up with the Feb 6, 2026 refinancing?

Gevo freed up more than $35 million of previously restricted cash as a result of bond redemptions. According to the company, redeeming approximately $68 million of RNG-related bonds enabled this liquidity release without materially changing total outstanding debt.

What is the size and purpose of the new loan facility for GEVO?

Gevo entered a $175 million loan facility with Orion Infrastructure Capital to consolidate existing term debt. According to the company, the facility centralizes Gevo North Dakota and RNG subsidiary debt and reduces administrative complexity and costs.

What is the $20 million revolving credit with Huntington for GEVO?

The $20 million revolving credit with Huntington provides working capital for Gevo's low-carbon ethanol plant operations. According to the company, this flexible facility supports operational liquidity at Gevo North Dakota.

Did Gevo reduce its total outstanding debt with the refinancing on Feb 6, 2026?

No, the refinancing did not materially change Gevo's total outstanding debt while simplifying the capital structure. According to the company, the transaction focused on consolidation, liquidity release, and lower administrative costs rather than debt reduction.