---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-125562"
form_type: "8-K"
ticker: "CLNE"
cik: "0001368265"
company_name: "Clean Energy Fuels Corp."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:22:16.255914+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Clean Energy Secures $300M Term Loan (Up to $400M) with Stonepeak; Terminates Existing $150M Loan

## Summary
- $300M senior secured term loan at 9.5% interest; additional $100M delayed draw commitment available for two years.
- Loan matures Dec 12, 2029; initial two years allow up to 75% PIK interest.
- Existing $150M term loan from Riverstone Credit Management terminated.
- Clean Energy issued Stonepeak warrants to purchase 20M shares at $5.50 and $6.50, expiring June 15, 2032.
- Proceeds to repay existing debt and fund RNG production facilities and fueling station expansion.

## SEC filing metadata
- accession: 0001104659-23-125562
- form_type: 8-K
- ticker: CLNE
- cik: 0001368265
- company_name: Clean Energy Fuels Corp.
- filed_at: 2023-12-13T23:59:59+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, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1368265/000110465923125562/0001104659-23-125562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368265/000110465923125562/tm2332773d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-125562
- JSON: https://secwatch.observer/filing/0001104659-23-125562.json
- Plain text: https://secwatch.observer/filing/0001104659-23-125562.txt

## Key facts
- Debt Financings
  Clean Energy Fuels Corp. incurred term loan of $300,000,000 senior secured term loan with Stonepeak CLNE-L Holdings LP at 9.50% maturing December 12, 2029.
  - Instrument: term loan
  - Principal: $300,000,000 senior secured term loan
  - Counterparty: Stonepeak CLNE-L Holdings LP
  - Rate: 9.50%
  - Maturity: December 12, 2029
  - Event: incurrence
  source text: On December 12, 2023 (the “Closing Date”), Clean Energy Fuels Corp. (the “Company”) and its wholly-owned direct subsidiary Clean Energy (the “Borrower”) entered into that certain Senior Secured First Lien Term Loan Credit Agreement (the “Credit Agreement”) with the lenders from time to time party thereto (the “Lenders”) and Stonepeak CLNE-L Holdings LP, as the administrative agent for the Lenders, collateral agent for the secured parties and as sole lead arranger (“Agent”), pursuant to which the Lenders funded a $300,000,000 senior secured term loan (the “Senior Term Loan”) and provided a delayed draw term loan commitment of $100,000,000 (together, with the Senior Term Loan, the “Loan Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368265/000110465923125562/0001104659-23-125562-index.htm
- Material Agreements
  Clean Energy Fuels Corp. entered into Credit Agreement with Stonepeak CLNE-L Holdings LP and the lenders from time to time party thereto valued at $300,000,000 senior secured term loan and a delayed draw term loan commitment of $100,000,000 (effective 2023-12-12).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Stonepeak CLNE-L Holdings LP and the lenders from time to time party thereto
  - Value: $300,000,000 senior secured term loan and a delayed draw term loan commitment of $100,000,000
  - Effective: 2023-12-12
  source text: On December 12, 2023 (the “Closing Date”), Clean Energy Fuels Corp. (the “Company”) and its wholly-owned direct subsidiary Clean Energy (the “Borrower”) entered into that certain Senior Secured First Lien Term Loan Credit Agreement (the “Credit Agreement”) with the lenders from time to time party thereto (the “Lenders”) and Stonepeak CLNE-L Holdings LP, as the administrative agent for the Lenders, collateral agent for the secured parties and as sole lead arranger (“Agent”), pursuant to which the Lenders funded a $300,000,000 senior secured term loan (the “Senior Term Loan”) and provided a delayed draw term loan commitment of $100,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368265/000110465923125562/0001104659-23-125562-index.htm

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