---
schema_version: "secwatch.filing_event.v1"
accession: "0001830033-24-000014"
form_type: "8-K"
ticker: "PCT"
cik: "0001830033"
company_name: "PureCycle Technologies, Inc."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:23:04.787430+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PureCycle reaches bond-buyback deal with majority holders; eliminates covenants, extends project completion to 2030

## Summary
- PureCycle: Ohio LLC to buy bonds at $1,050 per $1,000 principal from majority holders; closing by March 4, 2024.
- Third Supplemental Indenture eliminates substantially all covenants including DSCR, milestone requirements, and quarterly financial reporting.
- Outside Completion Date for the recycling facility extended from Dec 2022 to Dec 31, 2030.
- Purchase funded from trust estate, liquidity reserve escrow, and available cash; affiliates' bonds gain voting rights.
- Bond purchase price compensates for default interest from Jan-Dec 2023; holders waive default interest from Jan 2024.

## SEC filing metadata
- accession: 0001830033-24-000014
- form_type: 8-K
- ticker: PCT
- cik: 0001830033
- company_name: PureCycle Technologies, Inc.
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830033/000183003324000014/0001830033-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830033/000183003324000014/pct-20240223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001830033-24-000014
- JSON: https://secwatch.observer/filing/0001830033-24-000014.json
- Plain text: https://secwatch.observer/filing/0001830033-24-000014.txt

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