Global Clean Energy Holdings, Inc.: debt financing — GCEH subsidiary upsizes term loan by up to $360.65M; $44.2M loans recharacterized as Tranche C+

Global Clean Energy Holdings, Inc.

Amendment No. 21 increases Tranche D commitments to up to $360.65M; unfunded portion expires April 14, 2025.
$44.2M of existing Tranche A, B, or C loans recharacterized as Tranche C+ loans with a minimum return of 1.35x.
Borrower must deliver a 2025 budget and 13-week cash flow projections by April 4, 2025.
Funding conditions include execution, fee payment, and delivery of an accounts payable addendum.
Loan parties reaffirm guarantees and security interests; no new collateral filings required.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Global Clean Energy Holdings, Inc. amended credit facility of up to $360,650,000 with Orion Energy Partners TP Agent, LLC at a minimum return of 1.35x.

Instrument: credit facility
Principal: up to $360,650,000
Counterparty: Orion Energy Partners TP Agent, LLC
Rate: a minimum return of 1.35x
Event: amendment

Exact text from the filing

Amendment No. 21 provides for, among other things, an upsizing of the Tranche D commitments under the Senior Credit Agreement of up to $360,650,000 (the “Upsize”), of which any unfunded portion will automatically terminate on April 14, 2025 (or such later date as the Administrative Agent may consent to). In consideration for the Upsize, Amendment No. 21 provides that an aggregate of $44,200,000 of Tranche A, Tranche B, or Tranche C loans, as applicable, outstanding under the Senior Credit Agreement will be recharacterized as Tranche C+ loans, which provide for a minimum return of 1.35x

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Source: SEC EDGAR

accession 0001628280-25-009913

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