secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2025-04-15T23:59:59+00:00
Accession:  0000950170-25-054230
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle extends $200M revolver maturity to Sept 2026; enters forbearance on Series A warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000095017025054230/0000950170-25-054230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000095017025054230/pct-20250411.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-054230

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