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Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Debt Instrument [Line Items] |
Schedule Of The Components Of Long-Term Debt |
| December 31,
| 2014 |  | 2013
Green Plains Bluffton: |  |  |  |  |
$70.0 million term loan | $ | - |  | $ | 26,621
$20.0 million revolving term loan |  | - |  |  | 15,000
$22.0 million revenue bond |  | - |  |  | 15,780
Green Plains Central City: |  |  |  |  |
$55.0 million term loan |  | - |  |  | 33,100
$30.5 million revolving term loan |  | - |  |  | 17,739
Equipment financing loan |  | - |  |  | 36
Green Plains Fairmont and Green Plains Wood River: |  |  |  |  |
$62.5 million term loan |  | 40,000 |  |  | 50,000
$27.0 million term loan |  | - |  |  | 26,756
Tax increment financing bond |  | 3,589 |  |  | 3,626
Capital leases on grain facilities |  | 9,994 |  |  | 9,994
Capital lease on equipment and other |  | 4,192 |  |  | 5,489
Green Plains Holdings II: |  |  |  |  |
$46.8 million term loans |  | 29,510 |  |  | 15,914
$20.0 million revolving term loan |  | 6,000 |  |  | 31,960
Green Plains Obion: |  |  |  |  |
$60.0 million term loan |  | - |  |  | 3,879
$37.4 million revolving term loan |  | 27,400 |  |  | 28,400
Equipment financing loan |  | - |  |  | 126
Economic development grant |  | 1,156 |  |  | 1,245
Green Plains Ord: |  |  |  |  |
$25.0 million term loan |  | - |  |  | 15,143
$13.0 million revolving term loan |  | - |  |  | 2,151
Green Plains Otter Tail: |  |  |  |  |
$30.3 million term loan |  | - |  |  | 17,960
$19.2 million note payable |  | - |  |  | 19,151
Equipment financing loan |  | 11 |  |  | -
Green Plains Processing: |  |  |  |  |
$225.0 million term loan |  | 213,775 |  |  | -
Green Plains Shenandoah: |  |  |  |  |
$17.0 million revolving term loan |  | - |  |  | 9,000
Green Plains Superior: |  |  |  |  |
$40.0 million term loan |  | - |  |  | 9,750
$15.6 million revolving term loan |  | 15,025 |  |  | 8,000
Equipment financing loan |  | - |  |  | 18
Corporate: |  |  |  |  |
$90.0 million convertible notes |  | - |  |  | 90,000
$120.0 million convertible notes |  | 100,845 |  |  | 96,653
Capital lease |  | - |  |  | 188
Other |  | 11,408 |  |  | 10,000
Total long-term debt |  | 462,905 |  |  | 563,679
Less: current portion of long-term debt |  | (63,465) |  |  | (82,933)
Long-term debt | $ | 399,440 |  | $ | 480,746
Schedule Of Maturities Of Long-Term Debt |
Year Ending December 31, |  | Amount
2015 |  | $ | 63,465
2016 |  |  | 13,070
2017 |  |  | 14,963
2018 |  |  | 134,949
2019 |  |  | 22,365
Thereafter |  |  | 233,248
Total |  | $ | 482,060
Schedule of Financial Covenants |
Maintenance of working capital, including unused portion of revolver, as follows:
• | Green Plains Holdings II | $15.0 million
• | Green Plains Obion | $9.0 million
• | Green Plains Superior | $3.0 million
Maintenance of net worth as follows:
• | Green Plains Holdings II | $100.0 million plus 25% of net income before tax
• | Green Plains Obion | $95.0 million plus 25% of net income before tax
• | Green Plains Superior | $33.0 million
Maintenance of annual fixed charge coverage ratios:
• | Green Plains Processing | 1.25 to 1.00
Maintenance of annual debt service coverage ratios:
• | Green Plains Fairmont and Green Plains Wood River | 2.25 to 1.00
• | Green Plains Holdings II | 1.25 to 1.00
• | Green Plains Obion | 1.25 to 1.00
• | Green Plains Superior | 1.00 to 1.00
Maintenance of annual leverage ratio:
• | Green Plains Fairmont and Green Plains Wood River | 3.25 to 1.00 (decreasing to 2.00 to 1.00 in 2015)
• | Green Plains Processing | 4.00 to 1.00 (decreasing to 3.25 to 1.00 in 2019)
Annual capital expenditures will be limited as follows:
• | Green Plains Fairmont and Green Plains Wood River | $2.0 million growth and $4.0 million maintenance
Schedule of Allowable Dividends |
• | Green Plains Fairmont | Up to amounts equal to permitted tax
| and Green Plains Wood River | distributions, as defined in the loan agreement
• | Green Plains Holdings II | Up to 40% of net profit before tax, and
|  | unlimited if working capital is greater than or
|  | equal to $20.0 million
• | Green Plains Obion | Up to 40% of net profit before tax, and
|  | unlimited if working capital is greater than or
|  | equal to $15.0 million
• | Green Plains Processing | Amounts may be distributed after quarterly free
|  | cash flow payment is made, subject to certain
|  | limitations, as defined in the loan agreement
• | Green Plains Superior | Up to 40% of net profit before tax, and
|  | unlimited after free cash flow payment is made
Term Loan [Member] |
Debt Instrument [Line Items] |
Schedule Of Principal Payments Of Long-Term Debt |
• | Green Plains Fairmont and |
| Green Plains Wood River | $1.3 million per quarter
• | Green Plains Holdings II | $1.8 million per quarter
• | Green Plains Processing | $0.6 million per quarter
Schedule Of Maturity Dates Of Long-Term Debt |
• | Green Plains Fairmont and |
| Green Plains Wood River | November 27, 2015
• | Green Plains Holdings II | July 1, 2019
• | Green Plains Processing | June 30, 2020
Schedule Of Free Cash Flow Payments Annual Threshold |
• | Green Plains Fairmont and |
| Green Plains Wood River | $4.0 million
• | Green Plains Processing | $54.0 million annually, $27.0 million for 2014
Revolving Term Loans [Member] |
Debt Instrument [Line Items] |
Schedule Of Maturity Dates Of Long-Term Debt |
• | Green Plains Holdings II | July 1, 2019
• | Green Plains Obion | May 20, 2020
• | Green Plains Superior | October 20, 2019

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