secwatch.observer — SEC 8-K summary
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Issuer:     FUELCELL ENERGY INC (FCEL)
CIK:        0000886128
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001104659-23-064371
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886128/000110465923064371/0001104659-23-064371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886128/000110465923064371/tm2316597d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-064371

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