Green Plains increases revolving credit facility to $425 million

By Marisa Wong

Morgantown, W.Va., Nov. 17 – Green Plains Inc. subsidiary Green Plains Cattle Co. LLC entered into an amendment on Nov. 16 to its senior secured asset-based revolving credit facility to increase commitments by $125 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment increased the revolving commitment to $425 million from $300 million, with an additional incremental facility of $75 million available to the company.

The amendment also increased the swingline sublimit to $20 million from $15 million.

All other terms and conditions of the credit facility remain the same, the filing noted.

The group of lenders is led by Bank of the West and ING Capital LLC.

Green Plains is an Omaha-based ethanol production, marketing and commodities company.

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