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Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Components of Long-Term Debt

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

			March 31, 2025						December 31, 2024
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 Shenandoah
$75.0 million loan agreement due 2035 (3)			71,250						71,625
Other			10,940						11,163
Total book value of long-term debt			437,190						437,788
Unamortized debt issuance costs			(2,836)						(3,210)
Less: current maturities of long-term debt			(2,118)						(2,118)
Total long-term debt			$	432,236					$	432,460

(1)The 2.25% notes had $2.4 million and $2.7 million of unamortized debt issuance costs as of March 31, 2025 and December 31, 2024, respectively.

(2)The junior notes had $0.2 million of unamortized debt issuance costs as of both March 31, 2025 and December 31, 2024.

(3)The loan had $0.2 million and $0.3 million of unamortized debt issuance costs as of both March 31, 2025 and December 31, 2024, respectively.

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, 2025						December 31, 2024
Green Plains Finance Company, Green Plains Grain and Green Plains Trade
$350.0 million revolver			$	129,000					$	133,500
Green Plains Commodity Management
$40.0 million hedge line			8,424						7,329
			$	137,424					$	140,829

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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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-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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