On October 23, 2025, Green Plains Inc. announced a $200 million convertible note exchange and subscription transaction. The company exchanged $170 million of its 2027 convertible senior notes for an equal amount of newly issued 2030 convertible senior notes, thereby extending the maturity of that portion of its debt to November 2030.
The new 2030 notes carry a 5.25% coupon, compared to the 2.25% rate on the 2027 notes, providing a higher yield to investors while giving Green Plains a more favorable interest expense profile over a longer horizon.
In addition to the exchange, the company announced a $30 million subscription of 2030 convertible senior notes, giving it additional liquidity and further improving its debt structure in support of ongoing cost‑reduction and capital allocation initiatives.
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