Plug Power repays all debt under 2019 Generate Loan Agreement

PLUG POWER INC

Repaid all outstanding obligations under the March 2019 Generate Loan Agreement on Dec 14, 2022.
All security interests and liens granted to Generate were terminated and released.
No early termination penalties incurred in connection with the repayment.

item 1.02

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PLUG POWER INC terminated Generate Loan Agreement with Generate PPL SPV I, LLC (effective 2022-12-14).

Action: termination
Agreement: credit facility
Counterparty: Generate PPL SPV I, LLC
Effective: 2022-12-14

Exact text from the filing

On December 14, 2022, Plug Power Inc. and its subsidiaries, Emerging Power Inc., a Delaware corporation, Emergent Power Inc., a Delaware corporation, Plug Power Hydrogen Holdings, Inc., a Delaware corporation, Plug Power ELX Holdings, Inc., a Delaware corporation, United Hydrogen Group Inc., a Delaware corporation, and Giner ELX Sub, LLC, a Delaware limited liability company (the “Company”), repaid in full all outstanding obligations under the Loan and Security Agreement, dated as of March 29, 2019, as amended (the “Generate Loan Agreement”), with Generate PPL SPV I, LLC, as assignee of Generate Lending, LLC, a Delaware limited liability company (together, “Generate”).

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

PLUG POWER INC filing history →

Source: SEC EDGAR

accession 0001104659-22-128221

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.