secwatch.observer — SEC 8-K summary
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Issuer:     OPAL Fuels Inc. (OPAL)
CIK:        0001842279
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001628280-26-016131
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 2.03, 1.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPAL Fuels closes $180M preferred facility with Fortistar; redeems $100M existing preferred
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- Affiliate of Fortistar invested $120M at closing for 1.2M Series A Preferred Units ($100/unit); remaining $60M available.
- Proceeds used to fully redeem ~$100M of Series A Preferred Units previously held by Mendocino Capital (NextEra subsidiary).
- Issued warrant to investor to purchase up to 3M shares of Class A common stock, exercisable at VWAP+$0.50.
- Preferred units pay 12% quarterly (compounding); OPAL may pay 1/6 in kind; units are senior except pari-passu with Hillman RNG.
- Company also drew $128.4M under credit agreement to repay $20M revolver balance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842279/000162828026016131/0001628280-26-016131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842279/000162828026016131/opal-20260306.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-016131

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