Green Plains completed a five-year, $350 million senior secured sustainability-linked revolving credit facility to support general corporate and working capital needs of the company. ING Capital, PNC, Fifth Third, Bank of America and BMO Harris Bank served as joint lead arrangers.
Green Plains Partners and Green Plains successfully refinanced the partnership’s debt facility, which was arranged by Bank of America. The new loan will mature on Dec. 31, 2021, and includes a $130 million term loan and a $5 million revolving credit facility.
Green Plains acquired SCI Ingredients in a deal valued at $250 million. The company said a group of lenders led by Maranon Capital provided a $130 million term loan and a $15 million revolver to support the deal.
Green Plains entered into a first amendment to its credit agreement, increasing the facility from $100 million to $155 million. Bank of America served as administrative agent.
Green Plains said it completed a $225 million credit facility and will use the proceeds to refinance debt currently outstanding at the borrower’s subsidiaries.