secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2026-06-11T01:27:53+00:00
Accession:  0001193125-26-266413
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle announces $250M convertible note and $145M common stock offerings
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- Launched concurrent underwritten public offerings of $250M convertible senior notes due 2032 and $145M shares of common stock.
- Underwriters granted 30-day options for up to $37.5M additional notes and $18.75M additional common stock.
- Net proceeds to partially repurchase outstanding 7.25% green convertible notes due 2030 and for working capital.
- Amended revolving credit agreement to permit offerings and remove certain secured obligations to Sylebra affiliates.
- Morgan Stanley is sole bookrunner for both offerings; pricing terms to be set at pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000119312526266413/0001193125-26-266413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000119312526266413/d120498d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-266413

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer