April 20, 2017 / 1:49 PM / 7 months ago

BRIEF-Gevo says enters into exchange agreement with Whitebox

April 20 (Reuters) - Gevo Inc

* Gevo enters into exchange agreement with whitebox

* Gevo - wb gevo, ltd. Holder of co’s issued and outstanding senior secured convertible notes, due june 23, 2017,co entered exchange and purchase agreement

* Gevo - whitebox agreed to exchange all $16.5 million of existing 2017 notes for co’s newly created 12.0% senior secured convertible notes due 2020

* Gevo inc - 2020 notes will mature on march 15, 2020

* Gevo inc - 2020 notes will accrue interest at 12% per annum, with 10% payable in cash and 2% payable as payment in kind (“pik”) interest Source text for Eikon: Further company coverage:

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