{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-033420","form_type":"8-K","ticker":null,"cik":"0000748790","company_name":"Global Clean Energy Holdings, Inc.","filed_at":"2025-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.149752+00:00","generated_at":"2026-05-23T11:19:15.356250+00:00","sec_items":["1.01","1.03","2.04","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Global Clean Energy Holdings files Chapter 11; existing equity to be canceled","bullets":["Filed voluntary Chapter 11 on April 16, 2025 in Southern District of Texas.","Existing common stock canceled with no distribution; new equity issued to term lenders and CTCI.","Secured $250M DIP financing ($100M new money) from term lenders and CTCI.","Debt defaults accelerated on ~$1.27B total borrowings across five credit facilities.","OTCQB listing moved to OTC Pink; USDA grant terminated but reapplication invited."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-033420","json":"https://secwatch.observer/filing/0001213900-25-033420.json","markdown":"https://secwatch.observer/filing/0001213900-25-033420.md","text":"https://secwatch.observer/filing/0001213900-25-033420.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/ea0238127-8k_global.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T11:19:15.356250+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":"81c9937466fecc1b4f0899e259fa50569a6c48d9","claim":"Global Clean Energy Holdings, Inc. faced acceleration on credit facility of $49.4 million with Orion Energy Partners TP Agent, LLC.","evidence_excerpt":"● Approximately $1,096.3 million of borrowings (plus any accrued but unpaid interest, fees and premiums in respect thereof) under Term Loan Credit Agreement; ● Approximately $49.4 million of borrowings (plus any accrued but unpaid interest in respect thereof) under that certain Credit Agreement, dated as of May 4, 2020, by and among BKRF HCB, LLC, a Delaware","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$49.4 million"},{"label":"Counterparty","value":"Orion Energy Partners TP Agent, LLC"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"ad118efc63061b3b16b53b7f84ea7f135e3121b1","claim":"Global Clean Energy Holdings, Inc. faced acceleration on loan of $48.6 million.","evidence_excerpt":"HCB, LLC, a Delaware limited liability company, BKRF HCP, LLC, a Delaware limited liability company and GCEH, as assignee of Orion Energy Partners TP Agent, LLC; ● Approximately $48.6 million of borrowings (plus any accrued but unpaid interest in respect thereof) under that certain Promissory Note, dated as of February 23, 2022, by and among Rosedale FinanceCo LLC, a","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$48.6 million"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"c5802cea693aa06f1aac2a388643867e9f4c3f1b","claim":"Global Clean Energy Holdings, Inc. faced acceleration on credit facility of $1,096.3 million with Orion Energy Partners TP Agent, LLC.","evidence_excerpt":"● Approximately $39.1 million of borrowings (plus any accrued but unpaid interest, fees, and premiums in respect thereof) under the RCF Credit Agreement; ● Approximately $1,096.3 million of borrowings (plus any accrued but unpaid interest, fees and premiums in respect thereof) under Term Loan Credit Agreement; ● Approximately $49.4 million of borrowings (plus any","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1,096.3 million"},{"label":"Counterparty","value":"Orion Energy Partners TP Agent, LLC"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"c93dff92add12a053450250557e296d6f86a2a52","claim":"Global Clean Energy Holdings, Inc. faced acceleration on credit facility of $39.1 million with Vitol Americas Corp..","evidence_excerpt":"above in Item 1.03 constitutes an event of default that accelerated the Company’s obligations under the following debt instruments (the “Debt Instruments”): ● Approximately $39.1 million of borrowings (plus any accrued but unpaid interest, fees, and premiums in respect thereof) under the RCF Credit Agreement; ● Approximately $1,096.3 million of borrowings (plus","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$39.1 million"},{"label":"Counterparty","value":"Vitol Americas Corp."},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"ddec23512403ca6ef29d4459ab6427173d138d9f","claim":"Global Clean Energy Holdings, Inc. faced acceleration on loan of $34.9 million.","evidence_excerpt":"Promissory Note, dated as of February 23, 2022, by and among Rosedale FinanceCo LLC, a Delaware limited liability company, as maker and GCEH as payee; and ● Approximately $34.9 million of borrowings (plus any accrued but unpaid interest in respect thereof) under that certain Amended and Restated Promissory Note, dated as of June 25, 2024, by and among","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$34.9 million"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"372c982ca665bc60433fe01855f8547822e196e4","claim":"Global Clean Energy Holdings, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2025-04-16).","evidence_excerpt":"On April 16, 2025, the Company filed a petition under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the Bankruptcy Court.","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Southern District of Texas"},{"label":"Petition","value":"2025-04-16"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}