Green Plains Announces Proposed Offering of $150 million of Common Stock
August 04 2021 - 4:47PM
Green Plains Inc. (NASDAQ:GPRE) today announced that it intends to
offer $150 million of shares of common stock in a public offering
registered under the Securities Act of 1933, as amended (the
“Securities Act”), subject to market and other conditions.
The company also intends to grant the underwriters of the common
stock offering a 30-day option to purchase up to an additional
$22.5 million of the shares of common stock offered solely to cover
over-allotments.
The company expects to use the net proceeds from the offering
for growth investments to further accelerate its downstream
development opportunities.
Jefferies and BofA Securities are acting as joint book-running
managers for the offerings.
This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, any securities referred to in this
press release, nor will there be any sale of any such securities,
in any state or other jurisdiction in which such offer, sale or
solicitation would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction. Each offering is being made pursuant to an effective
shelf registration statement on file with the Securities and
Exchange Commission (the “SEC”). Each offering will be made only by
means of a prospectus supplement and an accompanying prospectus. An
electronic copy of the applicable preliminary prospectus
supplement, together with the accompanying prospectus, will be
available on the SEC’s website at www.sec.gov. Alternatively,
copies of the applicable preliminary prospectus supplement,
together with the accompanying prospectus, can be obtained by
contacting: Jefferies LLC, Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022,
telephone: 1-877-821-7388 or email:
Prospectus_Department@Jefferies.com; or BofA Securities, by mail at
NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC
28255-0001, Attention: Prospectus Department, or email:
dg.prospectus_requests@bofa.com.
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, renewable feedstocks for
advanced biofuels and high purity alcohols for use in cleaners and
disinfectants. Green Plains is an innovative producer of Ultra-High
Protein and novel ingredients for animal and aquaculture diets to
help satisfy a growing global appetite for sustainable protein. The
Company also owns a 48.9% limited partner interest and a 2.0%
general partner interest in Green Plains Partners LP.
Forward-Looking StatementsThis news release
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements reflect management’s current views,
which are subject to risks and uncertainties including, but not
limited to, anticipated financial and operating results, plans and
objectives that are not historical in nature. These statements may
be identified by words such as “believe,” “expect,” “may,”
“should,” “will” and similar expressions. Factors that could cause
actual results to differ materially from those expressed or implied
include: disruption caused by health epidemics, such as the
coronavirus outbreak, competition in the industries in which Green
Plains operates; commodity market risks, financial market risks;
counterparty risks; risks associated with changes to federal policy
or regulation, including changes to tax laws; risks related to
closing and achieving anticipated results from acquisitions and
disposals. Other factors can include risks associated with Green
Plains’ ability to realize higher margins anticipated from the
company’s high protein feed, clean sugar, specialty alcohol and
carbon sequestration initiatives; to achieve anticipated savings
from Project 24; to successfully pursue its ongoing transformation
strategy and other risks discussed in Green Plains’ reports filed
with the Securities and Exchange Commission. Investors are
cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date of this news release.
Green Plains assumes no obligation to update any such
forward-looking statements, except as required by law.
Green Plains Inc.
ContactsInvestors: Phil Boggs | Senior
Vice President, Investor Relations | 402.884.8700 |
phil.boggs@gpreinc.comMedia: Lisa Gibson |
Communications Manager | 402.952.4971 | lisa.gibson@gpreinc.com
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