--- schema_version: "secwatch.filing_event.v1" accession: "0001628280-24-016100" form_type: "8-K" ticker: null cik: "0000748790" company_name: "Global Clean Energy Holdings, Inc." filed_at: "2024-04-12T23:59:59+00:00" generated_at: "2026-06-03T23:42:06.889550+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Global Clean Energy upsizes Tranche D by $165M, pledges subsidiary equity as collateral ## Summary - Amended Senior Credit Agreement increased Tranche D loan facility by up to $165M. - Company pledged equity interests in subsidiaries, including Camelina Co. España, as collateral. - Intercompany note between BKRF OCB and Sustainable Oils unchanged: $15M principal, 15% interest, due Aug 22, 2024. - SusOils to pay BKRF OCB 5% of gross revenues from Camelina license for 5 years starting 2025. - SusOils granted non-exclusive license of Camelina varieties to BKRF for $2.5M one-time fee. ## SEC filing metadata - accession: 0001628280-24-016100 - form_type: 8-K - cik: 0000748790 - company_name: Global Clean Energy Holdings, Inc. - filed_at: 2024-04-12T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/748790/000162828024016100/0001628280-24-016100-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748790/000162828024016100/gceh-20240409.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001628280-24-016100 - JSON: https://secwatch.observer/filing/0001628280-24-016100.json - Plain text: https://secwatch.observer/filing/0001628280-24-016100.txt ## Key facts - Material Agreements Global Clean Energy Holdings, Inc. amended A&R Intercompany Note with BKRF OCB, LLC valued at $15 million (effective 2024-04-09). - Action: amendment - Counterparty: BKRF OCB, LLC - Value: $15 million - Effective: 2024-04-09 source text: In connection therewith, BKRF OCB and SusOils entered into an amended and restated secured intercompany note (the “A&R Intercompany Note”) to expressly provide for such funding. evidence_url: https://www.sec.gov/Archives/edgar/data/748790/000162828024016100/0001628280-24-016100-index.htm - Material Agreements Global Clean Energy Holdings, Inc. entered into License Agreement with Bakersfield Renewable Fuels, LLC valued at $2.5 million (effective 2024-04-09). - Action: entry - Agreement: license - Counterparty: Bakersfield Renewable Fuels, LLC - Value: $2.5 million - Effective: 2024-04-09 source text: SusOils and BKRF entered into a license agreement, dated April 9, 2024 (the “License Agreement”), pursuant to which SusOils licensed to BKRF, on an intercompany, non-exclusive, sublicensable and royalty free basis, certain of its patented Camelina varieties, which may be used by BKRF for, among other things, growing Camelina for use at the Company’s Bakersfield renewable fuels facility and any other facility that produces, or desires to produce, biofuels using SusOils Camelina. evidence_url: https://www.sec.gov/Archives/edgar/data/748790/000162828024016100/0001628280-24-016100-index.htm - Material Agreements Global Clean Energy Holdings, Inc. amended Amendment No. 14 with Orion Energy Partners TP Agent, LLC valued at up to $165 million (effective 2024-04-09). - Action: amendment - Agreement: credit facility - Counterparty: Orion Energy Partners TP Agent, LLC - Value: up to $165 million - Effective: 2024-04-09 source text: On April 9, 2024, BKRF OCB, BKRF OCP and BKRF entered into Amendment No. 14 to the Senior Credit Agreement (“Amendment No. 14”) providing for, among other things, an increase in the Tranche D loan facility of up to $165 million. evidence_url: https://www.sec.gov/Archives/edgar/data/748790/000162828024016100/0001628280-24-016100-index.htm - Material Agreements Global Clean Energy Holdings, Inc. amended Revenue Sharing Agreement with BKRF OCB, LLC (effective 2024-04-09). - Action: amendment - Counterparty: BKRF OCB, LLC - Effective: 2024-04-09 source text: SusOils and BKRF OCB entered into an amended and restated revenue sharing agreement, dated April 9, 2024 (the “Revenue Sharing Agreement”), pursuant to which SusOils has agreed pay to BKRF OCB 5% of any gross revenues generated by SusOils from the license of its patented Camelina varieties for a period of five years, beginning on January 1, 2025 evidence_url: https://www.sec.gov/Archives/edgar/data/748790/000162828024016100/0001628280-24-016100-index.htm - Material Agreements Global Clean Energy Holdings, Inc. entered into Security Agreement with Orion Energy Partners TP Agent, LLC (effective 2024-04-09). - Action: entry - Agreement: credit facility - Counterparty: Orion Energy Partners TP Agent, LLC - Effective: 2024-04-09 source text: In consideration for the extension of the loans to BKRF OCB and the consents provided by the Administrative Agent, the Company entered into a pledge and security agreement, dated April 9, 2024 (the “Security Agreement”), pursuant to which the Company pledged the equity interests in certain of its subsidiaries, including Camelina Co. España, S.L.U., to the senior lenders as collateral for amounts owed under the Senior Credit Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/748790/000162828024016100/0001628280-24-016100-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.