{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-072157","form_type":"8-K","ticker":"ALTO","cik":"0000778164","company_name":"Alto Ingredients, Inc.","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.549185+00:00","generated_at":"2026-06-21T21:42:54.699870+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Alto Ingredients secures $125M credit facility, amends ABL credit agreement","bullets":["Entered into $125M senior secured term loan facility with Orion Infrastructure Capital; initial advance up to $100M.","Facility bears interest at 10% fixed per annum, matures November 2028.","Issued 1,282,051 shares of common stock to lenders; up to 320,513 additional shares for CapEx loans.","Amended existing ABL credit agreement with Wells Fargo: maturity extended to 2027, fixed charge coverage ratio reduced to 1.10x, distribution limit increased to 75% of excess cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-072157","json":"https://secwatch.observer/filing/0001213900-22-072157.json","markdown":"https://secwatch.observer/filing/0001213900-22-072157.md","text":"https://secwatch.observer/filing/0001213900-22-072157.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/778164/000121390022072157/0001213900-22-072157-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/778164/000121390022072157/ea168356-8k_altoingred.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T21:42:54.699870+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"038e3a5b51a317ef9130b335f587d3b990d63e50","claim":"Alto Ingredients, Inc. amended credit facility of Not changed; existing facility amended with Wells Fargo Bank, National Association, Kinergy Marketing LLC, Alto Nutrients, LLC at Not changed maturing Extended from 2023 to 2027.","evidence_excerpt":"Under Amendment No. 6, the parties agreed, among other things, to extend the maturity date of the loans under the Second Amended and Restated Credit Agreement from 2023 to 2027. The parties also agreed to amend the fixed charge coverage ratio from not less than 2.00 to 1.00 to not less than 1.10 to 1.00 and amended the amount of cash distributions that Kinergy or Alto Nutrients could make to the Company from up to 50% of excess cash flow to up to 75% of excess cash flow.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/778164/000121390022072157/0001213900-22-072157-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"Not changed; existing facility amended"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, Kinergy Marketing LLC, Alto Nutrients, LLC"},{"label":"Rate","value":"Not changed"},{"label":"Maturity","value":"Extended from 2023 to 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"b85684de3a4273f24f628a28e34451c0724ca4d1","claim":"Alto Ingredients, Inc. incurred credit facility of Up to $125,000,000, with initial advance up to $100,000,000 and up to an additional $25,000,000 with certain funds managed by Orion Infrastructure Capital (Lenders) and OIC Investment Agent, LLC (administrative agent and collateral agent) at 10% per annum fixed maturing November 7, 2028 or earlier upon acceleration.","evidence_excerpt":"On November 7, 2022, Alto Ingredients, Inc. (the “Company”) entered into a Credit Agreement, dated November 7, 2022 (the “Credit Agreement”), by and among the Company, the Subsidiary Guarantors (as defined in the Credit Agreement) from time to time party thereto, certain funds managed by Orion Infrastructure Capital (collectively, the “Lenders”), and OIC Investment Agent, LLC, as administrative agent and collateral agent (“OIC”), under which the Lenders agreed to extend a senior secured credit facility in an amount of up to $125,000,000 in accordance with the terms of the Credit Agreement (the “Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/778164/000121390022072157/0001213900-22-072157-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"Up to $125,000,000, with initial advance up to $100,000,000 and up to an additional $25,000,000"},{"label":"Counterparty","value":"certain funds managed by Orion Infrastructure Capital (Lenders) and OIC Investment Agent, LLC (administrative agent and collateral agent)"},{"label":"Rate","value":"10% per annum fixed"},{"label":"Maturity","value":"November 7, 2028 or earlier upon acceleration"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ba5ee6f2681dcf7b0b4ff5ab7597d42d9cf68121","claim":"Alto Ingredients, Inc. entered into Credit Agreement with certain funds managed by Orion Infrastructure Capital (Lenders) and OIC Investment Agent, LLC valued at up to $125,000,000 (effective 2022-11-07).","evidence_excerpt":"On November 7, 2022, Alto Ingredients, Inc. (the “Company”) entered into a Credit Agreement, dated November 7, 2022 (the “Credit Agreement”), by and among the Company, the Subsidiary Guarantors (as defined in the Credit Agreement) from time to time party thereto, certain funds managed by Orion Infrastructure Capital (collectively, the “Lenders”), and OIC Investment Agent, LLC, as administrative agent and collateral agent (“OIC”), under which the Lenders agreed to extend a senior secured credit facility in an amount of up to $125,000,000 in accordance with the terms of the Credit Agreement (the “Credit Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/778164/000121390022072157/0001213900-22-072157-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"certain funds managed by Orion Infrastructure Capital (Lenders) and OIC Investment Agent, LLC"},{"label":"Value","value":"up to $125,000,000"},{"label":"Effective","value":"2022-11-07"}],"fact_type":"material_agreement"},{"claim_id":"d20a085537e60cdea470652d2c8177d244fc9ece","claim":"Alto Ingredients, Inc. amended Amendment No. 6 to Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, Kinergy and Alto Nutrients (effective 2022-11-07).","evidence_excerpt":"On November 7, 2022, Kinergy and Alto Nutrients entered into an Amendment No. 6 to Second Amended and Restated Credit Agreement, dated November 7, 2022 (“Amendment No. 6”), by and among Wells Fargo Bank, National Association (“Wells Fargo”), Kinergy and Alto Nutrients further amending that certain Second Amended and Restated Credit Agreement dated August 2, 2017 by and among Wells Fargo, the financial institutions from time to time party thereto as lenders, Kinergy and Alto Nutrients (as amended, the “Second Amended and Restated Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/778164/000121390022072157/0001213900-22-072157-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, Kinergy and Alto Nutrients"},{"label":"Effective","value":"2022-11-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}