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Green Plains Agrees to Sell Tennessee Ethanol Plant to POET
ZACKSยท 2025-08-29 15:06
Key Takeaways Green Plains agreed to sell its Obion ethanol plant for $190M in cash, including $20M in working capital.Proceeds will repay junior mezzanine debt due 2026, strengthening Green Plains' balance sheet.A strategic review affirmed the company's current leadership and focus on operational execution.Green Plains Inc. (GPRE) entered an agreement to sell its Rives, TN-based ethanol plant to POET for $190 million in cash, including $20 million of working capital to be adjusted at transaction closing. T ...