UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 | Other Events. |
On May 4, 2021, Renewable Energy Group, Inc. announced a proposed private offering of senior secured notes due 2028. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01 | Financial Statements and Exhibits. |
Exhibit No. |
Description | |
99.1 | Press release issued by Renewable Energy Group, Inc. dated May 4, 2021 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 4, 2021
RENEWABLE ENERGY GROUP, INC. | ||
By: | /s/ Cynthia J. Warner | |
Cynthia J. Warner | ||
Chief Executive Officer |
Exhibit 99.1
Contact information:
Todd Robinson
Deputy Chief Financial Officer
Renewable Energy Group
todd.robinson@regi.com
(515) 239-8048
Renewable Energy Group Announces Proposed Offering of
$500 Million Green Bond
AMES, Iowa May 4, 2021 Renewable Energy Group, Inc. (REG) (NASDAQ: REGI) announced today that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of senior secured notes due 2028 (the Notes) in a private placement pursuant to exemptions from the registration requirements of the Securities Act of 1933, as amended (the Securities Act).
REG estimates that the net proceeds from this offering will be approximately $489 million, after deducting the initial purchasers discount and estimated offering expenses payable by REG. REG intends to use the net proceeds to finance or refinance, in part or in full, new and/or existing eligible green projects, including the expansion of REGs Geismar, Louisiana biorefinery.
The Notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to persons other than U.S. persons in compliance with Regulation S under the Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offer and sale of the Notes and related guarantees will not be registered under the Securities Act or applicable state securities laws and, unless so registered, the Notes and related guarantees may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
###
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy industrys transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is an international producer of cleaner fuels and one of North Americas largest producers of advanced biodiesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes an integrated procurement, distribution and logistics
network to operate 12 biorefineries in the U.S. and Europe. In 2020, REG produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements. The words believe, may, will, estimate, continue, anticipate, design, intend, expect and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the offering and aggregate principal amount of the Notes, the expected use of the net proceeds from the offering, expectations regarding the eligible green project (including the expansion of the Geismar, Louisiana biorefinery), and the expected terms of the offering. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, market and other conditions that may affect REGs ability to complete the offering, risks related to REGs ability to satisfy the conditions required to close any sale of the Notes, the use of the proceeds from any sale of the Notes, factors affecting REGs business that may affect REGs liquidity and working capital requirements, REGs ability to successfully finance or refinance the eligible green projects (including the expansion of REGs Geismar, Louisiana biorefinery), impacts related to the COVID-19 or any other pandemic, and other risks and uncertainties described from time to time in REGs annual report on Form 10-K, quarterly reports on Forms 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and REG does not undertake to update any forward-looking statements based on new developments or changes in its expectations, except as required by law.
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Document and Entity Information |
May 04, 2021 |
---|---|
Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0001463258 |
Document Type | 8-K |
Document Period End Date | May 04, 2021 |
Entity Registrant Name | Renewable Energy Group, Inc. |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-35397 |
Entity Tax Identification Number | 26-4785427 |
Entity Address, Address Line One | 416 South Bell Avenue |
Entity Address, City or Town | Ames |
Entity Address, State or Province | IA |
Entity Address, Postal Zip Code | 50010 |
City Area Code | (515) |
Local Phone Number | 239-8000 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, par value $.0001 per share |
Trading Symbol | REGI |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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