secwatch.observer — SEC 8-K summary
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Issuer:     Global Clean Energy Holdings, Inc. (—)
CIK:        0000748790
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001628280-25-009913
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GCEH subsidiary upsizes term loan by up to $360.65M; $44.2M loans recharacterized as Tranche C+
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748790/000162828025009913/0001628280-25-009913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748790/000162828025009913/gceh-20250227xamendmentno21.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-009913

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer