Business Context and Reporting Period
Company: Green Plains Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 2, 2015
Event: Announcement of a definitive agreement to acquire an ethanol production facility.
Key Financial Metrics
This filing reports on a specific transaction rather than periodic financial performance. Consequently, revenue, profit, cash flow, margins, and liquidity metrics for the reporting period are not provided in this document.
| Metric | Value |
|---|---|
| Total Transaction Value | Approximately $93.8 million |
| Facility Purchase Price | $78.5 million |
| Working Capital Component | Balance of transaction value |
Material Changes
The primary material change is the execution of a definitive agreement to purchase Hereford Renewable Energy, LLC, which owns an ethanol production facility in Hereford, Texas, from Murphy USA. The transaction is subject to customary closing adjustments.
Outlook, Risks, and Contingencies
- Closing Timeline: The transaction is expected to close in November 2015.
- Conditions: Closing is contingent upon customary closing conditions and regulatory approvals.
- Legal Status: The information in this report is deemed "furnished" rather than "filed" under Section 18 of the Securities Exchange Act of 1934 and is not subject to the liability of that section.
Investor Verification Checklist
- Verify the final closing date of the acquisition of Hereford Renewable Energy, LLC.
- Confirm receipt of all necessary regulatory approvals.
- Review the final purchase price after customary closing adjustments.
- Assess the impact of the $93.8 million acquisition on the company's capital structure and liquidity.