Renewable Energy plans to buy back some 2.75% convertibles due 2019

By Marisa Wong

Morgantown, W.Va., May 26 – Renewable Energy Group, Inc. said it intends to repurchase a portion of its outstanding 2.75% convertible senior notes due 2019.

The company plans to use about $50 million of the proceeds from an offering of new convertible senior notes due 2036 to repurchase the 2019 notes, according to a press release.

The company will buy back the 2019 notes through negotiated transactions, open market transactions or other methods.

Ames, Iowa-based Renewable Energy is a biodiesel producer.

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