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Revolving Term Loans – The revolving term loans are generally available for advances throughout the life of the
commitment, subject, in certain cases, to borrowing base restrictions. Allowable advances under the Green Plains
Shenandoah loan agreement are reduced by $2.4 million each six-month period commencing on the first day of the
month beginning approximately six months after repayment of the term loan, but in no event later than November 1,
2014. Allowable advances under the Green Plains Superior loan agreement are reduced by $2.5 million each six-
month period commencing on the first day of the month beginning approximately six months after repayment of the
term loan, but in no event later than January 1, 2016. Allowable advances under the Green Plains Obion loan
agreement are reduced by $4.7 million on a semi-annual basis commencing on March 1, 2015. Allowable advances
under the Green Plains Holdings II loan agreement are reduced by $2.7 million on a semi-annual basis. Interest-only
payments are due each month on all revolving term loans until the final maturity date for the Green Plains Bluffton,
Green Plains Central City, Green Plains Ord, Green Plains Otter Tail, Green Plains Shenandoah, and Green Plains
Superior loan agreements.
o
Final maturity dates (at the latest) are as follows:
Green Plains Bluffton
November 19, 2013
Green Plains Central City
July 1, 2016
Green Plains Holdings II
April 1, 2016
Green Plains Obion
September 1, 2018
Green Plains Ord
July 1, 2016
Green Plains Shenandoah
November 1, 2016
Green Plains Superior
July 1, 2017
Revolvers – The revolvers generally support the working capital needs of the respective facilities and are subject to
borrowing base requirements of between 60% and 85% of eligible inventory and receivables.
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Final maturity dates are as follows:
Green Plains Central City
June 29, 2012
Green Plains Holdings II
April 30, 2012
Green Plains Ord
June 29, 2012
Green Plains Otter Tail
March 23, 2012
Interest and Fees
The term loans bear interest at LIBOR plus 3.00% to 4.50% or lender-established prime rates. Some have
established a 2% floor on the underlying LIBOR index. A portion of the Green Plains Holdings II term loan is fixed
at 8.22%
The revolving term loans bear interest at LIBOR plus 1.5% to 4.50% or lender-established prime rates. Some have
established a 2% floor on the underlying LIBOR index.
The revolver loans for Green Plains Ord and Green Plains Central City bear interest at the greater of LIBOR or
2.0%, plus 4.0%. The revolver loan for Green Plains Holdings II bears interest at LIBOR, plus 4.50% or at lender-
established prime rates.
Unused commitment fees, when charged, are 0.25% to 0.75%.
Security
As security for the loans, the lenders received a first-position lien on all personal property and real estate owned by the
respective entity borrowing the funds, including an assignment of all contracts and rights pertinent to construction and on-
going operations of the plant. These borrowing entities are also required to maintain certain financial and non-financial
covenants during the terms of the loans. In addition, the debt facilities within Green Plains Central City and Green Plains Ord
loans are cross-collateralized.