Green Plains Inc. (GPRE) Form 8-K — Oct 30, 2026
Green Plains entered into a Tax Credit Purchase Agreement on October 29, 2026 with two unaffiliated institutional buyers to sell Section 45Z production tax credits generated by its ethanol facilities for calendar 2026. The Buyers committed to purchase a minimum of $250 million and up to $325 million of credits, with cash proceeds from H1 2026 generation expected in Q4 2026 and remaining proceeds in H1 2027. One buyer is a leading U.S. life insurance company taking up to $5 million in the final tranche; the other is an investment subsidiary of a Fortune-ranked engineering and construction company whose payment obligations carry a primary-obligor guaranty from its ultimate parent.
Key figures
- Indemnity cap
- 125% of face value of Transfer PTCs
- Minimum commitment fee
- $0.03 per dollar of shortfall
- Maximum credit commitment usd
- 325000000
- Minimum credit commitment usd
- 250000000
- Buyer legal fee reimbursement final funding cap
- 25000
- Buyer legal fee reimbursement initial funding cap
- 300000
AI analysis
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