--- 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" generated_at: "2026-05-23T11:19:15.356250+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.95 calibrated_materiality_score: 0.95 confidence: "high" source: SEC EDGAR --- # Global Clean Energy Holdings files Chapter 11; existing equity to be canceled ## Summary - 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. ## SEC filing metadata - accession: 0001213900-25-033420 - form_type: 8-K - cik: 0000748790 - company_name: Global Clean Energy Holdings, Inc. - filed_at: 2025-04-18T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.95 - calibrated_materiality_score: 0.95 - confidence: high - sec_items: 1.01, 1.03, 2.04, 5.02, 7.01, 8.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-25-033420 - JSON: https://secwatch.observer/filing/0001213900-25-033420.json - Plain text: https://secwatch.observer/filing/0001213900-25-033420.txt ## Key facts - Debt Financings Global Clean Energy Holdings, Inc. faced acceleration on credit facility of $49.4 million with Orion Energy Partners TP Agent, LLC. - Instrument: credit facility - Principal: $49.4 million - Counterparty: Orion Energy Partners TP Agent, LLC - Event: acceleration source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm - Debt Financings Global Clean Energy Holdings, Inc. faced acceleration on loan of $48.6 million. - Instrument: loan - Principal: $48.6 million - Event: acceleration source text: 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_url: https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm - Debt Financings Global Clean Energy Holdings, Inc. faced acceleration on credit facility of $1,096.3 million with Orion Energy Partners TP Agent, LLC. - Instrument: credit facility - Principal: $1,096.3 million - Counterparty: Orion Energy Partners TP Agent, LLC - Event: acceleration source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm - Debt Financings Global Clean Energy Holdings, Inc. faced acceleration on credit facility of $39.1 million with Vitol Americas Corp.. - Instrument: credit facility - Principal: $39.1 million - Counterparty: Vitol Americas Corp. - Event: acceleration source text: 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_url: https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm - Debt Financings Global Clean Energy Holdings, Inc. faced acceleration on loan of $34.9 million. - Instrument: loan - Principal: $34.9 million - Event: acceleration source text: 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_url: https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm - Distress & Bankruptcy Global Clean Energy Holdings, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2025-04-16). - Proceeding: chapter 11 - Court: United States Bankruptcy Court for the Southern District of Texas - Petition: 2025-04-16 source text: 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_url: https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.