secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Fuels Corp. (CLNE)
CIK:        0001368265
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001104659-23-125562
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368265/000110465923125562/0001104659-23-125562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368265/000110465923125562/tm2332773d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-125562

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