OPAL Fuels amends Series A-1 Preferred: dividend rate to 12%, PIK cap at 2%

OPAL Fuels Inc.

Annual dividend rate increased from 8% to 12%, compounding quarterly; PIK limited to 2% per annum, remainder cash.
Change of control definition revised; mandatory redemption triggers now include uncured Trigger Event or 5th anniversary of March 2026.
New Trigger Event framework with penalty rate of 0.50% per quarter (max 4% annual) if material breach or lender acceleration.
Removal of delayed redemption conversion rights; holders retain rights with new protective provisions and restrictions.
Expanded protective provisions require consent for debt above limit, senior/pari passu issuances, affiliate transactions, etc.

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