Green Plains Renewable to launch $225 million term loan on Wednesday

By Sara Rosenberg

New York, May 2 - Green Plains Renewable Energy Inc. is scheduled to hold a bank meeting on Wednesday to launch a $225 million senior secured term loan, according to sources.

BMO Capital Markets and BNP Paribas Securities Corp. are the lead banks on the deal.

Proceeds will be used to refinance existing ethanol plant credit facilities.

Green Plains Renewable is an Omaha-based diversified commodity-processing business with operations related to ethanol production, corn oil production, grain handling and storage, and commodity marketing and distribution services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.