Greenbacker amends Class EO Share designation to allocate Liquidating Gains to Participating Earnout Shares

Greenbacker Renewable Energy Co LLC

Board approved Amended and Restated Certificate of Share Designation of Class EO Shares on February 5, 2024.
Amendment modifies Section 3.1(d) to allocate Liquidating Gains to Participating Earnout Shares until their Capital Account equals the average per share Capital Account of Class P-I Shares.
Liquidating Gains arise from actual/hypothetical sale of all/substantially all assets or IRC Section 704(b) adjustments.
Original Certificate of Designation for Class EO Shares was dated May 19, 2022; full amendment text filed as Exhibit 4.1.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Greenbacker Renewable Energy Co LLC: The company amended its Certificate of Share Designation for Class EO Shares to modify the allocation of net capital gains realized from the sale of assets, prioritizing allocations to Participating Earnout Shares until their capital account equals the average per share capital account of Class P-I (effective 2024-02-05).

Change: charter amendment
Effective: 2024-02-05

Exact text from the filing

On February 5, 2024, the board of directors (the “ Board ”) of Greenbacker Renewable Energy Company LLC (the “ Company ”) approved an Amended and Restated Certificate of Share Designation of Class EO Shares of the Company (the “ Amended and Restated Certificate of Designation ”).

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Source: SEC EDGAR

accession 0001753926-24-000257

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