Ocean Park Advises Gevo on Credit Facility
March 4, 2026 – Gevo, Inc. (NASDAQ: GEVO) recently announced the successful closing of a debt financing that simplifies the company’s capital structure. The $175 million loan facility with Orion Infrastructure Capital (“OIC”) consolidates the existing Gevo North Dakota term debt with the debt associated with Gevo’s renewable natural gas (“RNG”) subsidiary. In addition, Gevo entered a revolving credit facility of up to $20 million with Huntington National Bank which provides working capital for its low-carbon ethanol plant operations at Gevo North Dakota.
Ocean Park acted as exclusive financial advisor and sole lead arranger to Gevo on the revolving credit facility with Huntington National Bank. Ocean Park previously acted as the exclusive financial advisor and sole lead arranger to Gevo on its original debt financing with OIC.
“We are extremely pleased to execute on this credit facility transaction for Gevo subsequent to their acquisition of Red Trail Energy last year,” said Mark Fisler, Ocean Park managing director. “This transaction illustrates that the debt sources are available for leading Tier 1 ethanol plants with direct-inject CCS capabilities that generate robust cash flows inclusive of 45Z tax credits.”
“Ocean Park did an outstanding job in identifying both capital sources – OIC previously as the secured term debt provider for the initial acquisition financing and Huntington National Bank as the asset-based lender to our North Dakota ethanol plant,” said Leke Agiri, Chief Financial Officer of Gevo. “Their extensive lender relationships, expertise in the financing markets and ethanol industry knowledge were invaluable in achieving this successful outcome.”
“We greatly appreciate the opportunity to assist Gevo on this important debt financing which provides additional working capital for its low-carbon ethanol plant operations in North Dakota,” added Eric Ouyang, Ocean Park managing director.
Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including sustainable aviation fuel (“SAF”), motor fuels, chemicals, and other materials that provide U.S.-made solutions. Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility and Class VI carbon-storage well. Gevo also owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. Additionally, Gevo developed the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals operating since 2012. Gevo is currently developing the world’s first large-scale ATJ facility to be co-located at their North Dakota site. Gevo’s market-driven “pay-for-performance” approach regarding carbon and other sustainability attributes helps deliver value to local economies. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring, and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market. For more information, see www.gevo.com.
Ocean Park is a leading boutique investment bank focused on industry segments across the agricultural supply chain including the ag inputs, renewable fuels and chemicals, energy, food, and AgTech sectors. The Ocean Park team has significant operational and transaction experience, including advising on mergers and acquisitions, financings and restructurings. Since its founding in 2004, Ocean Park has successfully completed over 80 transactions and client engagements, including over 40 biofuels transactions. Its office is in Edina, MN. For more information, please visit oceanpk.com or call (310) 670-2093.
