debt
confidence high
sentiment neutral
materiality 0.55
PureCycle extends $200M revolver maturity to Sept 2026; enters forbearance on Series A warrants
PureCycle Technologies, Inc.
- Eighth Amendment to Credit Agreement extends revolver maturity from March 31, 2026 to September 30, 2026.
- Maturity extension fee of 0.50% of commitments payable by earlier of next equity/convertible offering or Dec 31, 2025.
- Side Letter with Sylebra: PureCycle forbears exercising redemption rights on Series A Warrants for up to one year after trigger.
- Lenders (Sylebra entities) and affiliates are >5% beneficial owners of PureCycle; no other terms modified.