Montauk Renewables amends credit facility; loosens leverage covenant but restricts dividends, debt, asset sales

Montauk Renewables, Inc.

Sixth Amendment replaces Total Leverage Ratio with Total Net Leverage Ratio (net of cash up to $5M).
Maximum Total Net Leverage Ratio set at 3.50:1 for Q4 2025, stepping down to 3.00:1 from Q1 2026 onward.
Requires monthly financial reporting and a Turkey Creek engineering study by June 30, 2026.
Additional debt, liens, restricted payments (dividends), and asset dispositions now require super-majority or majority lender consent.
Borrower and guarantors waived and released all claims against lenders up to date of amendment.

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

Montauk Renewables, Inc. amended Sixth Amendment to the Second Amended and Restated Revolving Credit and Term Loan Agreement with financial institutions signatory thereto (collectively, the "Lenders") and Comerica Bank (effective 2025-12-31).

Action: amendment
Agreement: credit facility
Counterparty: financial institutions signatory thereto (collectively, the "Lenders") and Comerica Bank
Effective: 2025-12-31

Exact text from the filing

On December 31, 2025, Montauk Energy Holdings, LLC (“MEH”), a subsidiary of Montauk Renewables, Inc. (“Montauk”), entered into the Sixth Amendment to the Second Amended and Restated Revolving Credit and Term Loan Agreement (the “Amended Credit Agreement”), by and among MEH, the financial institutions signatory thereto (collectively, the “Lenders”) and Comerica Bank, as administrative agent for the Lenders (the “Agent”), amending Montauk’s existing Second Amended and Restated Revolving Credit and Term Loan Agreement, dated as of December 12, 2018.

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Montauk Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-006546

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