Media Mentions

George Singer Discusses Sale of Ethanol Plant with Minneapolis Star Tribune

11.13.13

The Minneapolis Star Tribune article, “Fairmont ethanol plant owner is blindsided by its lender,” reports that Green  Plains Renewable Energy, the nation’s fourth-largest ethanol maker, agreed to acquire ethanol plants in Fairmont, Minn., and Wood River, Neb., from First National Bank of Omaha for $101 million. However, an ethanol producer with the plants said they were blindsided by the deal, finding out via a news release.

Lindquist & Vennum attorney George Singer, who has represented both lenders and borrowers in connection with ethanol plant bankruptcies, workouts and restructurings,  shared his expertise with the newspaper, asserting that it is extremely rare for a secured lender to sell business assets without informing the company. “I have never heard a borrower say, ‘I didn’t know the plant was sold.’’’

Read the article.

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