Initial Public Offering
Baird served as a co-manager on this offering.
AboutGreen Plains Partners LP (the “Partnership”) (NASDAQ: GPP) recently completed an initial public offering of 11,500,000 common units at a price of $15.00 per unit, generating gross proceeds of approximately $172.5 million. The Partnership intends to use proceeds from the offering to fund a distribution to the general partner, to pay origination fees under a new revolving credit facility and for general partnership purposes.
Green Plains Partners LP is a fee-based limited partnership formed by Green Plains Inc. (“Green Plains”) (NASDAQ: GPRE) to provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP expects to be Green Plains’ primary vehicle to own, operate and expand the logistics assets required to support its approximately 1.2 billion gallons per year ethanol marketing and distribution business, as Green Plains Partners LP assets are the principal method of storing and delivering the ethanol Green Plains produces for its customers. The Partnership is headquartered in Omaha, Nebraska.
For additional information about this transaction, please contact:
- June 2015
- Green Plains Partners LP
- Target Location
- North America