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Actionable news in GPRE: Green Plains Renewable Energy, Inc.,

Entry into a Material Definitive

On October 28, 2015, Green Plains Inc. (Green Plains) entered into a definitive agreement to acquire Murphy USAs ethanol production facility located in Hereford, Texas. Under the terms of the agreement, Green Plains will acquire Hereford Renewable Energy, LLC for approximately $93.8 million, subject to customary closing adjustments, including inventory and working capital.

The transaction value includes $78.5 million for the ethanol production facility with the balance for working capital. Green Plains intends to initially fund the purchase with cash and potentially use term debt in the future.

The parties have made customary representations and warranties in the definitive agreement and agreed to certain...


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