PureCycle extends project completion date to Dec 2029 and lowers bondholder consent threshold

PureCycle Technologies, Inc.

Seventh Supplemental Indenture dated Dec 26, 2025 amends bond indenture for $219.55M revenue bonds.
Outside Completion Date for Ohio recycling facility pushed from prior deadline to December 31, 2029.
Majority Holders definition reduced from 75% to a simple majority of outstanding Senior Bonds.
Loan Agreement amended to prohibit distributions before Fiscal Year beginning January 1, 2030.
Financial covenant testing (Debt Service Coverage Ratio, Days Cash on Hand) now starts with Fiscal Year ending Dec 31, 2030.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PureCycle Technologies, Inc. amended Seventh Supplemental Indenture with Southern Ohio Port Authority, UMB Bank, N.A. (effective 2025-12-26).

Action: amendment
Agreement: notes offering
Counterparty: Southern Ohio Port Authority, UMB Bank, N.A.
Effective: 2025-12-26

Exact text from the filing

On December 26., 2025, SOPA, as Issuer, PCO, PureCycle Technologies LLC, an indirect wholly-owned subsidiary of the Company (the “Guarantor”), PCTO Holdco LLC, a Delaware limited liability company and affiliate of PCO (the pledgor under the Equity Pledge and Security Agreement) and the Trustee entered into the Seventh Supplemental Indenture (the “Seventh Supplemental Indenture”), which amended certain provisions of the Indenture and Loan Agreement.

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PureCycle Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-335948

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