debt
confidence high
sentiment neutral
materiality 0.55
Global Clean Energy Holdings, Inc.: debt financing — GCEH amends credit agreement, upsizes Tranche D commitments by up to $338.6M
Global Clean Energy Holdings, Inc.
- Upsized Tranche D commitments to up to $338,550,000; unfunded portion terminates March 7, 2025.
- $8,000,000 of existing Tranche A/B/C loans recharacterized as Tranche C+ loans with minimum return of 1.35x.
- Amendment No. 20 entered Feb 21, 2025 by BKRF OCB, BKRF OCP, Bakersfield Renewable Fuels, and Orion Energy Partners.
- Proceeds to fund installation, development, and construction of the renewable fuels project in Bakersfield, CA.
- Conditions include delivery of 2025 budget and 13-week cash flow projections by Feb 28, 2025.