PureCycle buys back $246.7M of bonds; Q4 pellet output ~200K lbs, 2024 output exceeds 1M lbs

PureCycle Technologies, Inc.

Purchased ~99% of $249.5M revenue bonds ($246.7M), eliminating substantially all restrictive covenants and defaults.
Ironton facility produced ~200,000 lbs of pellets in Q4 2023 due to downtime and planned outage.
Production improved to over 1M lbs in first two months of 2024 as corrective engineering upgrades commenced.
Management cites co-product displacement limitation; work on upgrade has begun and expects continued progress toward commercial operations.
No detailed financial results (revenue, EPS) provided; update focuses on operational milestones and capital structure improvement.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PureCycle Technologies, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 5, 2024, the Company issued a press release, attached hereto as Exhibit 99.1 and incorporated herein by reference, announcing the Company’s financial results for the fourth quarter and fiscal year ended December 31, 2023, and certain other information.

View on SEC.gov

Browse all earnings releases →

PureCycle Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001830033-24-000022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.