Green Plains Sells Tennessee Plant, Strengthens Balance Sheet

OMAHA, Neb.--(BUSINESS WIRE)--Green Plains Inc. (NASDAQ:GPRE) today announced that it has completed the previously announced sale of its ethanol plant in Rives, Tennessee, to POET Biorefining - Obion, LLC for $190 million in cash. The total includes an estimated $20 million in working capital, to be finalized post-closing. This transaction strengthens Green Plains’ balance sheet by eliminating the company’s junior mezzanine debt and enhancing liquidity. It provides greater financial flexibility