{"schema_version":"secwatch.filing_event.v1","accession":"0001575872-23-001519","form_type":"8-K","ticker":null,"cik":"0000748790","company_name":"Global Clean Energy Holdings, Inc.","filed_at":"2023-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.593551+00:00","generated_at":"2026-06-10T07:15:09.299670+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Global Clean Energy subsidiary issues $15M secured promissory note to affiliate at 15% interest","bullets":["Sustainable Oils, Inc. issued a $15M secured promissory note to BKRF OCB, LLC (affiliate) at 15% annual interest, due August 22, 2024.","SusOils granted a blanket security interest in all assets and a $15M guaranty under the parent's senior credit agreement.","Proceeds include $4.182M new funding for a Montana bond; if bond not issued by Sept 29, 2023, $4.182M must be returned.","Note is secured by a pledge of SusOils' equity from Global Clean Energy Holdings and a patent security agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001575872-23-001519","json":"https://secwatch.observer/filing/0001575872-23-001519.json","markdown":"https://secwatch.observer/filing/0001575872-23-001519.md","text":"https://secwatch.observer/filing/0001575872-23-001519.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/748790/000157587223001519/0001575872-23-001519-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/748790/000157587223001519/gceh-20230927.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T07:15:09.299670+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":"1a0ea75517bf4409e228ee96126c797a826572d9","claim":"Global Clean Energy Holdings, Inc. incurred loan of initial principal amount of $15 million with BKRF OCB, LLC at 15% per annum maturing August 22, 2024.","evidence_excerpt":"SusOils executed and delivered to BKRF a secured intercompany promissory note, dated September 22, 2023, in the initial principal amount of $15 million (the “Intercompany Note”), which provides for repayment of the amounts borrowed from BKRF under the Intercompany Note plus interest accruing at 15% per annum on or before August 22, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000157587223001519/0001575872-23-001519-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"initial principal amount of $15 million"},{"label":"Counterparty","value":"BKRF OCB, LLC"},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"August 22, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5b6fdc60abdfd2b3df6fdaff8d7a3b629ee4380d","claim":"Global Clean Energy Holdings, Inc. incurred guarantee of up to $15 million with BKRF OCB, LLC.","evidence_excerpt":"guaranty agreement, dated September 22, 2023 (the “Guaranty”), pursuant to which SusOils has agreed to guaranty up to $15 million that may be owned under the Credit Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000157587223001519/0001575872-23-001519-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"},{"label":"Principal","value":"up to $15 million"},{"label":"Counterparty","value":"BKRF OCB, LLC"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3baee9bcc3681f8afb3177270e5be341cff99843","claim":"Global Clean Energy Holdings, Inc. entered into Secured Intercompany Promissory Note with BKRF OCB, LLC valued at $15,000,000 (effective 2023-09-22).","evidence_excerpt":"SusOils executed and delivered to BKRF a secured intercompany promissory note, dated September 22, 2023, in the initial principal amount of $15 million (the “Intercompany Note”), which provides for repayment of the amounts borrowed from BKRF under the Intercompany Note plus interest accruing at 15% per annum on or before August 22, 2024.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000157587223001519/0001575872-23-001519-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"BKRF OCB, LLC"},{"label":"Value","value":"$15,000,000"},{"label":"Effective","value":"2023-09-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}