Green Plains draws on revolver for $62.5 million asset acquisition

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Green Plains Partners LP drew under its revolving credit facility for its $62.5 million acquisition of storage and transportation assets from Green Plains Inc., according to a press release.

The purchase included assets of Green Plains’ Hopewell, Va., and Hereford, Texas, ethanol production facilities.

Green Plains Partners is a limited partnership formed by Omaha-based Green Plains Inc. to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.

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