---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015077"
form_type: "8-K"
ticker: "FCEL"
cik: "0000886128"
company_name: "FUELCELL ENERGY INC"
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T08:10:29.778306+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# FuelCell Energy subsidiary amends $80.5M financing agreement to clarify debt service coverage ratio testing periods

## Summary
- Amendment No. 1 dated Aug. 11, 2023 entered by FuelCell Energy Opco Finance 1, LLC with lenders including Investec, BMO, Liberty Bank.
- Clarifies that debt service coverage ratio (minimum 1.20:1.00) is tested semi-annually on calendar-year periods starting July 1, 2023.
- Information reporting to lenders will use calendar-year periods rather than borrower's fiscal year (Nov-Oct).
- Restricted payment conditions relaxed: for quarters before June 28, 2024, ratio tested from July 1, 2023 to quarter-end.

## SEC filing metadata
- accession: 0001558370-23-015077
- form_type: 8-K
- ticker: FCEL
- cik: 0000886128
- company_name: FUELCELL ENERGY INC
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886128/000155837023015077/0001558370-23-015077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886128/000155837023015077/fcel-20230814x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015077
- JSON: https://secwatch.observer/filing/0001558370-23-015077.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015077.txt

## Key facts
- Material Agreements
  FUELCELL ENERGY INC amended Amendment No. 1 to Financing Agreement with Investec Bank plc, Liberty Bank, Bank of Montreal, Amalgamated Bank, and Connecticut Green Bank (effective 2023-08-14).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Investec Bank plc, Liberty Bank, Bank of Montreal, Amalgamated Bank, and Connecticut Green Bank
  - Effective: 2023-08-14
  source text: Effective as of August 14, 2023, Borrower, Investec Bank plc in its capacities as a Lender and administrative agent, and Liberty Bank, Bank of Montreal, Amalgamated Bank, and Connecticut Green Bank, as Lenders, entered into Amendment No. 1 to the Financing Agreement dated as of August 11, 2023 (“Amendment No. 1”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/886128/000155837023015077/0001558370-23-015077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.