OMAHA, Neb., Sept. 16, 2013 (GLOBE NEWSWIRE) -- Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) (the "Company") announced today its intention to offer to sell, subject to market and other conditions, $75 million aggregate principal amount of Convertible Senior Notes due 2018 (the "notes"). The Company expects to grant the initial purchaser of the notes an option to purchase up to an additional $15 million aggregate principal amount of the notes to cover overallotments. The notes will be convertible, if certain conditions are met, into cash, shares of the Company's common stock or a combination of cash and shares of the Company's common stock, at the election of the Company, at any time prior to the close of business on the business day immediately preceding the maturity date of the notes. The interest rate, conversion rate, offering price and other terms are to be determined by negotiations between the Company and the initial purchaser.
Green Plains Announces Offering Of $75 Million Aggregate Principal Amount Of Convertible Senior Notes
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