secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2025-12-30T23:59:59+00:00
Accession:  0001193125-25-335948
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000119312525335948/0001193125-25-335948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000119312525335948/pct-20251226.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-335948

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