Green Plains Completes Sale of Birmingham, Alabama Unit Train Terminal
Green Plains Inc. (NASDAQ:GPRE) has announced the completion of the sale of its unit train terminal in Birmingham, Alabama. The terminal was sold by Green Plains' subsidiary, Birmingham BioEnergy Partners, , to Lincoln Terminal Company, The proceeds from the sale were used to repay the outstanding balance of the Green Plains Partners term loan due July 20, 2026.
Todd Becker, President and CEO of Green Plains, commented on the transaction, stating that it helps eliminate the remaining partnership debt, strengthens the company's balance sheet, and contributes to achieving the simplification and cost savings anticipated after the buy-in of Green Plains Partners in January.
Green Plains Inc. (NASDAQ:GPRE) ha annunciato il completamento della vendita del suo terminal ferroviario nella città di Birmingham, Alabama. Il terminal è stato venduto dalla sussidiaria di Green Plains, Birmingham BioEnergy Partners, alla Lincoln Terminal Company. Il ricavato dalla vendita è stato utilizzato per rimborsare il saldo residuo del prestito a termine di Green Plains Partners, in scadenza il 20 luglio 2026.
Todd Becker, Presidente e CEO di Green Plains, ha commentato la transazione affermando che aiuta a eliminare il debito rimanente della società in joint venture, rafforza il bilancio dell'azienda e contribuisce a realizzare la semplificazione e i risparmi sui costi previsti dopo l'acquisizione di Green Plains Partners nel mese di gennaio.
Green Plains Inc. (NASDAQ:GPRE) ha anunciado la finalización de la venta de su terminal de trenes unitarios en Birmingham, Alabama. El terminal fue vendido por la subsidiaria de Green Plains, Birmingham BioEnergy Partners, a Lincoln Terminal Company. Los ingresos de la venta se utilizaron para pagar el saldo pendiente del préstamo a plazo de Green Plains Partners, que vence el 20 de julio de 2026.
Todd Becker, Presidente y CEO de Green Plains, comentó sobre la transacción diciendo que ayuda a eliminar la deuda restante de la asociación, fortalece el balance de la empresa y contribuye a lograr la simplificación y los ahorros de costos anticipados tras la compra de Green Plains Partners en enero.
그린 플레이인스 Inc. (NASDAQ:GPRE)가 앨라배마 주 버밍햄에 있는 유니트 기차 터미널의 판매 완료를 발표했습니다. 이 터미널은 그린 플레이인스의 자회사인 버밍햄 바이오에너지 파트너스가 링컨 터미널 컴퍼니에 판매했습니다. 판매로 얻은 수익은 2026년 7월 20일 만기인 그린 플레이인스 파트너스의 만기 대출 잔액을 상환하는 데 사용되었습니다.
그린 플레이인스의 회장 겸 CEO인 토드 베커는 이 거래에 대해 언급하며 파트너십의 남은 부채를 없애고 회사의 재무 상태를 강화하며 1월에 그린 플레이인스 파트너스의 인수 이후 예상되는 단순화 및 비용 절감을 달성하는 데 기여한다고 말했습니다.
Green Plains Inc. (NASDAQ:GPRE) a annoncé l'achèvement de la vente de son terminal ferroviaire à Birmingham, Alabama. Le terminal a été vendu par la filiale de Green Plains, Birmingham BioEnergy Partners, à Lincoln Terminal Company. Les produits de la vente ont été utilisés pour rembourser le solde restant du prêt à terme de Green Plains Partners, qui arrivera à échéance le 20 juillet 2026.
Todd Becker, Président et CEO de Green Plains, a commenté la transaction en déclarant qu'elle contribue à éliminer la dette restante de partenariat, à renforcer le bilan de l'entreprise et à favoriser la simplification et les économies de coûts prévues après l'acquisition de Green Plains Partners en janvier.
Green Plains Inc. (NASDAQ:GPRE) hat den Abschluss des Verkaufs seines Güterzugterminals in Birmingham, Alabama, bekannt gegeben. Das Terminal wurde von der Tochtergesellschaft von Green Plains, Birmingham BioEnergy Partners, an die Lincoln Terminal Company verkauft. Die Erlöse aus dem Verkauf wurden verwendet, um den ausstehenden Saldo des Terminkredits von Green Plains Partners zurückzuzahlen, der am 20. Juli 2026 fällig ist.
Todd Becker, Präsident und CEO von Green Plains, kommentierte die Transaktion und erklärte, dass sie dazu beiträgt, die verbleibende Partnerschaftsschuld zu beseitigen, die Bilanz des Unternehmens zu stärken und zur Umsetzung der vereinbarten Vereinfachungen und Kostenersparnisse beizutragen, die nach dem Erwerb von Green Plains Partners im Januar erwartet wurden.
- Sale of Birmingham unit train terminal completed
- Proceeds used to repay outstanding term loan balance
- Strengthened balance sheet
- Progress towards simplification and cost savings goals
- Divestment of an asset
Insights
The sale of Green Plains' Birmingham unit train terminal marks a strategic move to optimize the company's asset portfolio and strengthen its financial position. By using the proceeds to repay the outstanding balance of Green Plains Partners' term loan, the company has effectively eliminated its remaining partnership debt. This debt reduction is a positive step towards improving the balance sheet and potentially lowering interest expenses.
The transaction aligns with Green Plains' stated goals of simplification and cost savings following the buy-in of Green Plains Partners earlier this year. While the specific financial terms of the sale were not disclosed, the impact on debt reduction suggests it was a meaningful transaction. For investors, this move signals management's commitment to streamlining operations and focusing on core assets, which could lead to improved operational efficiency and potentially better returns in the long term.
However, it's important to note that selling assets can also reduce future revenue streams. Investors should monitor upcoming financial reports to assess the net impact of this divestiture on Green Plains' overall financial performance and operational capabilities.
“We are pleased to have completed the sale of the unit train terminal in
About Green Plains Inc.
Green Plains Inc. (NASDAQ:GPRE) is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients. This includes the production of cleaner low carbon biofuels and renewable feedstocks for advanced biofuels. Green Plains is an innovative producer of Sequence™ and novel ingredients for animal and aquaculture diets to help satisfy a growing global appetite for sustainable protein. For more information, visit www.gpreinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241001872884/en/
Investors: Phil Boggs | Executive Vice President, Investor Relations & Finance | 402.884.8700 | phil.boggs@gpreinc.com
Media: Devin Mogler | Senior Vice President, Corporate & Investor Relations | 402.884.8700 | devin.mogler@gpreinc.com
Source: Green Plains Inc.
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