M&A - Gevo, Inc.

Form Type: 8-K

Filing Date: 2025-02-03

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925008435

Filing Summary: On January 31, 2025, Gevo, Inc. closed its acquisition of substantially all assets of Red Trail Energy, LLC for an aggregate purchase price of $210 million, utilizing a mix of company cash and $105 million of debt financing from a senior secured term loan. The acquisition was facilitated through an Asset Purchase Agreement with its subsidiaries Richardton CCS, LLC and Net-Zero Richardton, LLC acting as the buyers. A Credit Agreement was also established providing for a term loan with varying interest rates based on the leverage ratio, secured by the company's tangible and intangible assets. The company provided additional funds for post-closing adjustments and indemnifications and acquired insurance for potential breaches of the seller's warranties. The closing of the transaction was announced on February 3, 2025.

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