secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001830033-23-000064
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle announces $200M green convertible note offering due 2030
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- $200.0M aggregate principal, plus up to $30.0M from initial purchaser option.
- Notes accrete from issue date to Aug 15, 2027; interest and conversion rate to be set at pricing.
- Sylebra Capital affiliates indicated interest to purchase up to $75M of notes.
- Net proceeds allocated to Eligible Green Projects, including multi-line purification facility in Augusta, GA.
- Amendments to two credit agreements increase convertible note basket from $200M to $250M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000183003323000064/0001830033-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000183003323000064/pct-20230821.htm
  HTML page:      https://secwatch.observer/filing/0001830033-23-000064

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