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Green Plains Partners L.P.

Company Summary

Description

Green Plains Partners LP (NASDAQ:GPP) is a fee-based Delaware limited partnership formed by Green Plains Inc. to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.

Website

http://www.globenewswire.com/Tracker?data=qkJX-SNA...

Financial Data:

NASDAQ:GPP from Google Finance

Tickers:

  • GPP - NASDAQ

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Recent news

Company Transactions

Date: 12/31/2018
Type: Acquisition

DETAILS:

COST: 120.9 $MM

NOTES:
Green Plains acquired the storage and transportation assets and the assignment of railcar leases associated with the Iowa, Indiana, and Michigan ethanol plants from Green Plains Partners for roughly 8.9 million units valued at $120.9 million. The companies also agreed to extend the storage and throughput services agreement an additional three years to June 30, 2018. The quarterly minimum volume commitment for the storage and transportation services will be 235.7 million gallons. The transaction is expected to close in 4Q18.