secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0000950170-24-073768
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle amends bond indenture; raises consent threshold to 75%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000095017024073768/0000950170-24-073768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000095017024073768/pct-20240614.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-073768

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer