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

Core Insights - Gevo, Inc. has successfully closed a refinancing transaction that simplifies its capital structure and redeemed approximately $68 million in bonds related to its renewable natural gas subsidiary, freeing up over $35 million in previously restricted cash without materially changing total outstanding debt [1][2] Group 1: Refinancing and Debt Management - The refinancing includes a $175 million loan facility with Orion Infrastructure Capital that consolidates existing term debt and debt associated with Gevo's RNG subsidiary [2] - Gevo has also entered a revolving credit facility of up to $20 million with Huntington National Bank to provide working capital for its low-carbon ethanol plant operations [2] Group 2: Company Overview and Operations - Gevo is a diversified energy company focused on renewable fuels and chemicals, committed to energy security and economic growth in rural communities [3] - The company operates an ethanol plant with a carbon capture and sequestration facility and one of the largest dairy-based RNG facilities in the U.S., converting by-products into clean energy [3] - Gevo is developing the world's first large-scale alcohol-to-jet facility at its North Dakota site, enhancing its innovative technology portfolio [3]