debt
confidence high
sentiment neutral
materiality 0.60
PureCycle amends bond indenture; raises consent threshold to 75%
PureCycle Technologies, Inc.
- Fifth Supplemental Indenture redefines Majority Holders as 75% of Senior Bonds (was majority).
- Consent needed for future supplemental indentures increased from 50% to 75% of Outstanding Senior Bonds.
- Pure Plastic LLC purchased $94.3M of bonds from Guarantor on May 7, 2024; Guarantor retains $149.5M.
- Amended indenture approved by Southern Ohio Port Authority Board on June 12, 2024.