---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-003218"
form_type: "8-K"
ticker: null
cik: "0000748790"
company_name: "Global Clean Energy Holdings, Inc."
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T06:09:16.545855+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 debt facility by $20M to $334.55M, recharacterizes $40M loans as Tranche C+

## Summary
- Amendment No. 19 increases Tranche D commitments from $314.55M to up to $334.55M; unfunded portion terminates Feb 7, 2025.
- $40M of existing Tranche A/B/C loans recharacterized as Tranche C+ loans with minimum 1.35x return.
- Borrower must deliver 2025 budget by Jan 30, 2025 and 13-week cash flow projections by Feb 3, 2025 as funding conditions.
- Loan parties reaffirm guarantees and security interests under the amended credit agreement.

## SEC filing metadata
- accession: 0001628280-25-003218
- form_type: 8-K
- cik: 0000748790
- company_name: Global Clean Energy Holdings, Inc.
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748790/000162828025003218/0001628280-25-003218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748790/000162828025003218/gceh-20250130xamendmentno19.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-003218
- JSON: https://secwatch.observer/filing/0001628280-25-003218.json
- Plain text: https://secwatch.observer/filing/0001628280-25-003218.txt

## Key facts
- Debt Financings
  Global Clean Energy Holdings, Inc. amended term loan of up to $334,550,000 with Orion Energy Partners TP Agent, LLC and the lenders party thereto.
  - Instrument: term loan
  - Principal: up to $334,550,000
  - Counterparty: Orion Energy Partners TP Agent, LLC and the lenders party thereto
  - Event: amendment
  source text: On January 27, 2025, certain subsidiaries of Global Clean Energy Holdings, Inc. (“we,” “us,” “our” and the “Company”) entered into Amendment No. 19 to the Company’s senior secured term loan credit agreement (the “Senior Credit Agreement”), by and among BKRF OCB, LLC (the “Borrower”), BKRF OCP, LLC, Bakersfield Renewable Fuels, LLC, Orion Energy Partners TP Agent, LLC, in its capacity as the administrative agent (the “Administrative Agent”), and the lenders party thereto (“Amendment No. 19”). Amendment No. 19 provides for, among other things, an upsizing of the Tranche D commitments under the Senior Credit Agreement of up to $334,550,000 (the “Upsize”), of which any unfunded portion will automatically terminate on February 7, 2025 (or such later date as the Administrative Agent may consent to). In consideration for the Upsize, Amendment No. 19 provides that an aggregate of $40,000,000 of Tranche A, Tranche B and Tranche C loans outstanding under the Senior Credit Agreement will be recha
  evidence_url: https://www.sec.gov/Archives/edgar/data/748790/000162828025003218/0001628280-25-003218-index.htm

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