06:06 PM EDT, 08/27/2025 (MT Newswires) -- Green Plains ( GPRE ) said late Wednesday it agreed to sell its ethanol plant in Obion, Tennessee, to POET for $190 million in cash, including about $20 million of working capital.

The transaction is expected to close in Q3, and the company plans to use proceeds from the sale to fully retire junior mezzanine debt due in 2026 to strengthen its balance sheet.

Green Plains ( GPRE ) also said it has concluded the strategic review process launched in February 2024, determining it will continue executing its current strategy under existing leadership.

Shares of Green Plains ( GPRE ) were up 7.5% in after-hours trading.