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Stock impact report

Green Plains Wraps Up Tennessee Plant Sale to Enhance Liquidity [Yahoo! Finance]

Green Plains, Inc. (GPRE) 
Last green plains, inc. earnings: 2/10 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.gpreinc.com
Company Research Source: Yahoo! Finance
This previously announced sale included $20 million of working capital to be finalized post-closing. The transaction was completed within the stipulated time. The decision came after the company conducted its strategic review process that was initiated in February 2024. The process has given the company a range of alternatives that will position it well to improve operational execution and capital discipline. With the completion of this transaction, Green Plains will be able to achieve its goal of delivering value to shareholders and strengthening its balance sheet by using the proceeds to pay off the junior mezzanine debt due in 2026. The proceeds enhance liquidity and financial flexibility, providing Green Plains with other opportunities that might be more consistent with the company's strategy. It will be able to optimize its portfolio and drive various carbon reduction initiatives. GPRE's shares have lost 32% over the past year compared with the industry's 6.3% decline. Show less Read more
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