Benson Hill retires loan, divests Iowa processing operation For $72M

Benson Hill announced that it has successfully retired its senior debt facility and divested its Creston, Iowa, soy processing business to White River Soy Processing WRSP for gross proceeds of $72M These actions align with Benson Hill’s commitment to disciplined liquidity management and asset efficiency as the Company transitions to an asset-light business model backed by world-class soybean germplasm and competitively advantaged technology…As a result of the purchase, Benson Hill has transferred to WRSP ownership and all operations related to the Creston soy processing facility, including the established customer base. Approximately 55 team members at Creston will continue employment under the new ownership. The Creston plant is equipped to produce soy meal and oil, as well as food-grade soy white flake, flour, and grits.