Green Plains (NASDAQ: GPRE) sells TN plant and retires 2026 junior notes

Rhea-AI Filing Summary

Green Plains Inc. completed the sale of its ethanol plant in Rives, Tennessee, held through its wholly owned subsidiary Green Plains Obion LLC, to POET Biorefining – Obion, LLC for $190 million in cash. This amount includes an estimated $20 million of working capital, which will be finalized after closing.

The company used the cash proceeds to retire its junior mezzanine notes due in 2026 and to supplement corporate liquidity, reducing near‑term debt obligations and adding cash resources. Green Plains also issued a press release on September 26, 2025, describing the plant sale and the repayment of the junior mezzanine notes.

Insights

Corporate credit and capital structure analyst

Green Plains sells a Tennessee ethanol plant for $190M and uses the cash to retire 2026 junior mezzanine notes and add liquidity.

Green Plains Inc., via its subsidiary Green Plains Obion LLC, sold its Rives, Tennessee ethanol facility to POET Biorefining – Obion, LLC for $190 million in cash, including an estimated $20 million of working capital to be finalized post‑closing. This is a discrete asset sale rather than an ongoing operating arrangement.

The company applied the proceeds to fully repay its junior mezzanine notes maturing in 2026 and to supplement corporate liquidity. Retiring junior mezzanine notes typically removes a higher‑cost, subordinated layer of debt, which can lower interest burden and reduce refinancing risk tied to that maturity.

The overall effect on Green Plains’ future profile will depend on how the loss of the Rives facility’s production and earnings compares to the benefits from lower leverage and higher liquidity, which are not quantified here. Subsequent earnings and balance sheet disclosures will show how the transaction changes revenue mix, margins, and net debt after the September 2025 closing.

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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):  September 25, 2025

_______________________________

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 2.01. Completion of Acquisition or Disposition of Assets.

As previously announced, Green Plains Obion LLC (“Green Plains Obion”), a wholly-owned subsidiary of Green Plains Inc. (the “Company”), entered into an asset purchase agreement (the “Agreement” and the transactions contemplated thereby, the “Transaction”) for the sale of the ethanol plant located in Rives, Tennessee (the “Facility”) to POET Biorefining – Obion, LLC (“Buyer”). On September 25, 2025, the Company completed the Transaction for $190 million in cash. The total includes an estimated $20 million in working capital, to be finalized post-closing. The proceeds from the Transaction were used to retire the Company’s junior mezzanine notes that were due in 2026 and to supplement corporate liquidity.

Item 7.01. Regulation FD Disclosure.

On September 26, 2025, the Company issued a press release announcing the completed sale of the Facility and the repayment of the junior mezzanine notes. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated into this Item 7.01 by reference.

The information in this Item 7.01 of Form 8-K, including the accompanying Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

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

Exhibit No.						Description of Exhibit
99.1						Press Release, dated September 26, 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: September 26, 2025			By:			/s/ Philip B. Boggs
						Philip B. Boggs
						Chief Financial Officer (Principal Financial Officer)

FAQ

What major transaction did Green Plains Inc. (GPRE) complete in this 8-K?

Green Plains Inc., through its wholly owned subsidiary Green Plains Obion LLC, completed the sale of its ethanol plant in Rives, Tennessee to POET Biorefining – Obion, LLC.

How much did Green Plains receive for the sale of the Rives, Tennessee ethanol plant?

The company completed the transaction for $190 million in cash, which includes an estimated $20 million in working capital to be finalized after closing.

How did Green Plains Inc. use the $190 million in cash proceeds?

Green Plains used the proceeds from the plant sale to retire its junior mezzanine notes due in 2026 and to supplement corporate liquidity, strengthening its balance sheet and cash position.

Which Green Plains subsidiary owned the ethanol plant that was sold?

The Rives, Tennessee ethanol facility was owned by Green Plains Obion LLC, a wholly owned subsidiary of Green Plains Inc.

Who bought the Green Plains ethanol plant in Rives, Tennessee?

The buyer of the facility is POET Biorefining – Obion, LLC, which acquired the ethanol plant from Green Plains Obion LLC.

Did Green Plains Inc. issue a press release about the plant sale and debt repayment?

Yes. On September 26, 2025, Green Plains issued a press release announcing the completed sale of the Rives facility and the repayment of the junior mezzanine notes, furnished as Exhibit 99.1.

What exhibits accompany this Green Plains (GPRE) 8-K filing?

The exhibits include Exhibit 99.1, a press release dated September 26, 2025, and Exhibit 104, the cover page interactive data file embedded within the Inline XBRL document.