secwatch.observer — SEC 8-K summary
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Issuer:     PLUG POWER INC (PLUG)
CIK:        0001093691
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001104659-25-005600
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plug Power secures DOE loan guarantee up to $1.66B; initial $387.6M for Texas hydrogen plant
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- DOE loan guarantee of up to $1.66B to finance up to six green hydrogen production facilities.
- Initial advance of $387.6M for Limestone Project in Young County, Texas, plus up to $26.8M capitalized interest.
- Maturity March 5, 2043; quarterly payments start June 5, 2028; rate = U.S. Treasury rate + 2%.
- Loan is full recourse, secured by borrower's assets, including intellectual property.
- Advances subject to technical, financial, and regulatory conditions precedent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093691/000110465925005600/0001104659-25-005600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093691/000110465925005600/tm254135d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-005600

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