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Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Components of Long-Term Debt

The components of long-term debt are as follows (in thousands):

			March 31, 2024						December 31, 2023
Corporate
2.25% convertible notes due 2027 (1)			$	230,000					$	230,000
Green Plains SPE LLC
$125.0 million junior secured mezzanine notes due 2026 (2)			125,000						125,000
Green Plains Wood River and Green Plains Shenandoah
$75.0 million loan agreement (3)			72,750						73,125
Green Plains Partners
$60.0 million term loan (4)			54,469						55,969
Other			14,514						14,669
Total book value of long-term debt			496,733						498,763
Unamortized debt issuance costs			(4,610)						(5,013)
Less: current maturities of long-term debt			(1,828)						(1,832)
Total long-term debt			$	490,295					$	491,918

(1)The 2.25% notes had $3.7 million and $4.0 million of unamortized debt issuance costs as of March 31, 2024 and December 31, 2023, respectively.

(2)The junior notes had $0.4 million of unamortized debt issuance costs as of both March 31, 2024 and December 31, 2023.

(3)The loan had $0.3 million of unamortized debt issuance costs as of both March 31, 2024 and December 31, 2023.

(4)The term loan had $0.3 million of unamortized debt issuance costs as of both March 31, 2024 and December 31, 2023.

Schedule of Components of Short-term Notes Payable and Other Borrowings

The components of short-term notes payable and other borrowings are as follows (in thousands):

			March 31, 2024						December 31, 2023
Green Plains Finance Company, Green Plains Grain and Green Plains Trade
$350.0 million revolver			$	120,000					$	99,000
Green Plains Commodity Management
$40.0 million hedge line			10,038						6,973
			$	130,038					$	105,973

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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