Green Plains amends sustainability-linked credit facility

Green Plains Inc. amended its senior secured sustainability-linked revolving credit facility.

Rhea-AI Filing Summary

Green Plains Inc. amended its senior secured sustainability-linked revolving credit facility. On April 17, 2026, the company and its lending group signed a Second Amendment to the Loan and Security Agreement.

The amendment extends the termination date of the revolving facility from March 25, 2027 to September 25, 2027, giving the company an additional six months of committed liquidity. At the same time, the total commitment under the facility is reduced from $350 million to $300 million. The agreement is guaranteed by Green Plains Inc. and remains documented as a material definitive agreement and a direct financial obligation of the company and its borrower subsidiaries.

Insights

Credit and capital structure analyst

Green Plains extends revolver maturity while modestly reducing available capacity.

The amendment keeps the sustainability-linked revolving facility in place but shifts its profile. The commitment drops from $350 million to $300 million, yet the termination date moves out from March 25, 2027 to September 25, 2027. This trades some borrowing headroom for longer-dated bank support.

From a credit perspective, this looks like a neutral recalibration rather than a fundamental change. The facility remains senior secured and guaranteed by Green Plains Inc. and key subsidiaries, preserving lender protections. Future disclosures in company filings may provide more detail on how actively the company draws on this facility over time.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Original revolver commitment: $350 million Amended revolver commitment: $300 million Original termination date: March 25, 2027 +2 more

5 metrics

Original revolver commitment $350 million Loan and Security Agreement size at March 25, 2022 inception

Amended revolver commitment $300 million Commitment after Second Amendment dated April 17, 2026

Original termination date March 25, 2027 Termination date before Second Amendment

New termination date September 25, 2027 Termination date after Second Amendment

Date of Second Amendment April 17, 2026 Execution date of Second Amendment to Loan and Security Agreement

Key Terms

Material Definitive Agreement, senior secured sustainability-linked revolving Loan and Security Agreement, Revolver Facility, direct financial obligation, +1 more

5 terms

Material Definitive Agreement regulatory

"Item 1.01 Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

senior secured sustainability-linked revolving Loan and Security Agreement financial

"entered into a $350 million senior secured sustainability-linked revolving Loan and Security Agreement"

Revolver Facility financial

"The Revolver Facility was amended on April 14, 2025"

A revolver facility is a bank line of credit a company can draw from, repay, and draw again as needed—similar to a business credit card for short-term cash needs. It matters to investors because it supplies flexible liquidity to cover operating costs, seasonal swings, or quick opportunities, and the size, cost and usage of the revolver signal a company’s short-term financial health and risk of running out of cash.

direct financial obligation regulatory

"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement"

Inline XBRL technical

"Cover Page Interactive Data File (embedded within the Inline XBRL document)"

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Green Plains (GPRE) change in its revolving credit facility?

Green Plains amended its senior secured sustainability-linked revolving credit facility. The Second Amendment extends the facility’s termination date and reduces the total lender commitment, adjusting both the duration and size of this key source of committed liquidity for the company and its subsidiaries.

How did the size of Green Plains (GPRE) revolver commitment change?

The total commitment under Green Plains’ revolving Loan and Security Agreement was reduced from $350 million to $300 million. This lowers the maximum borrowing capacity available under the facility while keeping the structure in place as a senior secured, sustainability-linked revolving line.

When does Green Plains (GPRE) amended revolver now terminate?

The Second Amendment extends the termination date of Green Plains’ revolving credit facility from March 25, 2027 to September 25, 2027. This six‑month extension provides a longer period of committed bank financing for the company and its borrower subsidiaries under the existing loan structure.

Which subsidiaries of Green Plains (GPRE) are borrowers under the revolver?

Green Plains Finance Company LLC, Green Plains Grain Company LLC, and Green Plains Trade Group LLC are the borrowers under the revolving Loan and Security Agreement. Each is a wholly owned subsidiary of Green Plains Inc., which also acts as guarantor for obligations under the facility.

Why is the Green Plains (GPRE) revolver amendment considered a material agreement?

The Second Amendment modifies a $300 million senior secured, sustainability-linked revolving facility, which is a significant source of liquidity. Because it creates and adjusts a direct financial obligation for Green Plains and key subsidiaries, it is treated as a material definitive agreement in the company’s disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/23/2026 - 04:32 PM EDT Learn about SEC filing dates

FALSE000130940200013094022026-04-172026-04-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  April 17, 2026

_______________________________

GREEN PLAINS INC.

(Exact name of registrant as specified in its charter)

_______________________________

Iowa			001-32924			84-1652107
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

1811 Aksarben Drive

Omaha, Nebraska 68106

(Address of Principal Executive Offices) (Zip Code)

(402) 884-8700

(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

GPRE

The Nasdaq Stock Market LLC

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

			☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
			☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
			☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
			☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed, on March 25, 2022, Green Plains Finance Company LLC, Green Plains Grain Company LLC, and Green Plains Trade Group LLC (collectively, the “Borrowers”), all wholly owned subsidiaries of Green Plains Inc. (the “Company”), together with the Company as guarantor, entered into a $350 million senior secured sustainability-linked revolving Loan and Security Agreement (the “Revolver Facility”) with a group of financial institution lenders led by ING Capital LLC as Agent. The Revolver Facility was amended on April 14, 2025 (the “First Revolver Amendment”). Copies of the Revolver Facility and the First Revolver Amendment were filed as Exhibit 10.1 to the Current Report on Form 8-K filed by the Company on March 28, 2022 and Exhibit 10.7 to the Quarterly Report on Form 10-Q filed by the Company on May 8, 2025, respectively.

On April 17, 2026, the Revolver Facility was further amended by the Second Amendment to the Loan and Security Agreement (the “Second Revolver Amendment”). The Second Revolver Amendment, among other things, (i) extends the termination date of the Revolver Facility from March 25, 2027 to September 25, 2027 and (ii) reduces the size of the Revolver Facility commitment from $350 million to $300 million.

The foregoing description does not purport to be complete and is subject to and qualified in its entirety by reference to the complete text of the Second Revolver Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03. The complete text of the Second Revolver Amendment is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed as part of this report.

Exhibit No.						Description of Exhibit
10.1*						Second Amendment to Loan and Security Agreement, dated April 17, 2026, by and among Green Plains Inc. as Guarantor, Green Plains Finance Company LLC, Green Plains Grain Company LLC and Green Plains Trade Group LLC as the Borrowers, ING Capital LLC as Agent, and the other financial institutions party thereto.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

*    Certain confidential portions of this Exhibit were omitted by means of marking such portions with brackets and asterisks because the identified confidential portions (i) are not material and (ii) would be competitively harmful if publicly disclosed.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Green Plains Inc.
Date: April 23, 2026			By:			/s/ Ann Reis
						Ann Reis
						Chief Financial Officer (Principal Financial Officer)

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 73.4 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB