Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FUELCELL ENERGY INC entered into Financing Agreement with Investec Bank plc, Investec, Inc., Bank of Montreal (Chicago Branch), Liberty Bank, Amalgamated Bank and Connecticut Green Bank valued at $80.5 million (effective 2023-05-19).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Investec Bank plc, Investec, Inc., Bank of Montreal (Chicago Branch), Liberty Bank, Amalgamated Bank and Connecticut Green Bank
- Value
- $80.5 million
- Effective
- 2023-05-19
Exact text from the filing
On May 19, 2023, FuelCell Energy Opco Finance 1, LLC (“Borrower”), a wholly owned subsidiary of FuelCell Energy Finance, LLC (“FCEF”), which, in turn, is a wholly owned subsidiary of FuelCell Energy, Inc. (the “Company”), entered into a Financing Agreement (the “Financing Agreement”) with, by and among Investec Bank plc in its capacities as a lender (“Investec Lender”), administrative agent (“Administrative Agent”), and collateral agent (“Collateral Agent”); Investec, Inc. as coordinating lead arranger and sole bookrunner; Bank of Montreal (Chicago Branch) in its capacity as a lender (“BMO Lender”) and as mandated lead arranger; and each of Liberty Bank, Amalgamated Bank and Connecticut Green Bank as lenders (collectively with Investec Lender and BMO Lender, the “Lenders”) for a term loan facility in an amount not to exceed $80.5 million
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