Item 1.01. Entry into a Material Definitive Agreement.

On July 20, 2021, Green Plains Partners LP, a subsidiary of Green Plains Inc., entered into an Amended and Restated Credit Agreement ("Amended Credit Facility") to its existing credit facility with funds and accounts managed by BlackRock ("BlackRock") and TMI Trust Company as administrative agent.

Under the terms of the agreement, BlackRock purchased the outstanding balance of the existing notes from Bank of America N.A., as previous administrative agent, and certain other commercial lending institutions. The Amended Credit Facility will mature on July 20, 2026 and the principal amount available is $60.0 million. Interest on the Amended Credit Facility is based on 3-month Libor plus 8.00%, with a 0% Libor floor. Interest is payable on the 15th day of each March, June, September and December during the term with the first interest payment being September 15, 2021. The Amended Credit Facility does not require any principal payments however the partnership has the option to prepay $1.5 million per quarter beginning twelve months following closing. Financial covenants include a maximum consolidated leverage ratio of 2.5x and a minimum consolidated debt service coverage ratio of 1.1x. The Amended Credit Facility continues to be secured by substantially all of the assets of Green Plains Partners LP.

The foregoing description of the Amended Credit Facility is not complete and is qualified in its entirety by reference to the full text of the Amended Credit Facility, which is filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated into this Item 1.01 by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The description of the Amended Credit Facility provided above under Item 1.01 is incorporated into this Item 2.03 by reference. A copy of the Amended Credit Facility is filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated into this Item 2.03 by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed as part of this report.



Exhibit No.  Description of Exhibit

    10.1       Amended and Restated Credit Agreement, dated July 20, 2021, by
             and among Green Plains Operating Company LLC, as the Borrower, the
             guarantors identified therein, TMI Trust Company, as Administrative
             Agent and the other lenders party thereto. (The exhibits and
             schedules to the Amended Credit Facility have been omitted. The
             Company will furnish such schedules to the SEC upon request.)

    99.1       Press Release, dated July 26, 2021.

    104      Cover Page Interactive Data File (embedded within Inline XBRL
             document)



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