Current Report Filing (8-k)
July 17 2018 - 5:21PM
Edgar (US Regulatory)
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
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Date of Report (Date of earliest event reported)
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July
13
, 201
8
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GREEN PLAINS INC
.
(Exact name of registrant as specified in its charter)
Iowa
(State or other jurisdiction of incorporation)
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001-32924
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84-1652107
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(Commission file number)
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(IRS employer identification no.)
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1811 Aksarben Drive
, Omaha, Nebraska
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681
06
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(Address of principal executive offices)
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(Zip code)
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(402) 884-8700
(Registrant’s telephone number, including area code)
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))
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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.
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Item 1.01.
Entry into a Material Definitive Agreement.
On July 13, 2018 Green Plains Inc., and substantially all of the Company’s subsidiaries, but not including Green Plains Partners and certain other entities, as guarantors, amended the $500 million term loan agreement (the “Term Loan Agreement”) with BNP Paribas, as administrative agent and collateral agent
and
certain other financial institutions.
For purpose of the negative covenants under the Term Loan Agreement, Permitted Acquisitions now exclude from the applicable calculation, working capital assets funded with proceeds of any ABL Facilities when determining aggregate consideration paid or payable related to the acquisition of a business.
All other terms and conditions of the Term Loan Agreement remain the same. The amendment to the Term Loan Agreement will be filed in its entirety with our Quarterly Report on Form 10-Q for the quarter ended June 30, 2018.
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 in Item 1.01 above is incorporated into this Item 2.03 by reference.
SIGNATURES
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.
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Date:
July
17
, 201
8
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Green Plains Inc.
By:
/s/
John W. Neppl
John W. Neppl
Chief
Financial
Officer
(Principal Financial Officer)
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