---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-064371"
form_type: "8-K"
ticker: "FCEL"
cik: "0000886128"
company_name: "FUELCELL ENERGY INC"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T15:24:22.101845+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FuelCell Energy closes $80.5M term loan facility backed by six operating projects

## Summary
- Borrowed $80.5M from Investec, BMO, Liberty, Amalgamated, and CT Green Bank; maturity date May 2030.
- Proceeds used to repay ~$11.4M Bridgeport debt, ~$15.7M PNC lease buyouts, and ~$1.8M CT Green Bank debt.
- Net of fees and reserve funding, $46.1M distributed to the Company as unrestricted cash.
- Interest rate hedged via swaps; all-in fixed rate 6.366% first 4 years, 6.866% thereafter.
- Projects securing loan: Bridgeport, CCSU, Pfizer, LIPA Yaphank, Riverside, and Santa Rita jail.

## SEC filing metadata
- accession: 0001104659-23-064371
- form_type: 8-K
- ticker: FCEL
- cik: 0000886128
- company_name: FUELCELL ENERGY INC
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886128/000110465923064371/0001104659-23-064371-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886128/000110465923064371/tm2316597d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-064371
- JSON: https://secwatch.observer/filing/0001104659-23-064371.json
- Plain text: https://secwatch.observer/filing/0001104659-23-064371.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/886128/000110465923064371/0001104659-23-064371-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.