---
schema_version: "secwatch.filing_event.v1"
accession: "0001830033-24-000006"
form_type: "8-K"
ticker: "PCT"
cik: "0001830033"
company_name: "PureCycle Technologies, Inc."
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:27:21.043007+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PureCycle increases bond purchase price to $1,050/$1,000; eliminates key covenants

## Summary
- Purchase price adjusted from $1,030 to $1,050 per $1,000 principal of Series 2020A Bonds.
- Majority holders must consent to Proposed Amendments that remove substantial covenants, Events of Default, and protections.
- Amendments eliminate Operating Revenue Escrow Fund and allow earlier release from Liquidity Reserve Escrow Fund.
- PCO will reimburse trustee and bondholders for out-of-pocket costs; purchase funded from Trust Estate and cash.
- If Specified Amendment passes, PCO will become Majority Holder after purchase for voting purposes.

## SEC filing metadata
- accession: 0001830033-24-000006
- form_type: 8-K
- ticker: PCT
- cik: 0001830033
- company_name: PureCycle Technologies, Inc.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830033/000183003324000006/0001830033-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830033/000183003324000006/pct-20240210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001830033-24-000006
- JSON: https://secwatch.observer/filing/0001830033-24-000006.json
- Plain text: https://secwatch.observer/filing/0001830033-24-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.