GREEN PLAINS RENEWABLE ENERGY, INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED FINANCIAL STATEMENTS AND RELATED NOTES THERETOGreen Plains Renewable Energy, Inc. • December 6th, 2012 • Industrial organic chemicals
Green Plains Renewable Energy, Inc. (the “Company”) entered into an Asset Purchase Agreement, as amended, among the Company, Green Plains Grain Company LLC and Green Plains Grain Company TN LLC, wholly-owned subsidiaries of the Company, and The Andersons, Inc. (the “Buyer”) to sell to the Buyer twelve of the Company’s grain elevators located in northwestern Iowa and western Tennessee (the “Transaction”). The Transaction involves approximately 32.6 million bushels, or 83%, of the Company’s reported agribusiness grain storage capacity and all of its agronomy and retail petroleum operations. Effective December 3, 2012, the Company completed the previously-announced Transaction. The estimated sales price for the facilities and certain related working capital is $144.6 million, including the assumption at closing of term debt of approximately $27.8 million.
FIRST AMENDMENT TO ASSET PURCHASE AGREEMENTAsset Purchase Agreement • December 6th, 2012 • Green Plains Renewable Energy, Inc. • Industrial organic chemicals
THIS FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT (this “Amendment”) is made and effective as of November 30, 2012 between Green Plains Grain Company LLC, a Delaware limited liability company, and Green Plains Grain Company TN LLC, a Delaware limited liability company, (each individually, and collectively as the context may require, “SELLER”), Green Plains Renewable Energy, Inc. (“GPRE”) and The Andersons, Inc., an Ohio corporation (“BUYER”).
