secwatch / observer
8-K filed December 21, 2022, 6:59 PM ET ticker OPAL CIK 0001842279
other material confidence high sentiment positive materiality 0.75

Opal Fuels enters long-term O&M agreement with UPS covering 51 RNG stations; extends FM3 credit maturity to March 2023

OPAL Fuels Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OPAL Fuels Inc. entered into UPS Agreement with UPS (effective 2022-12-15).

Action
entry
Counterparty
UPS
Effective
2022-12-15
Exact text from the filing
On December 15, 2022, OPAL Fuels Inc. (the “ Company ”) announced its entry into a long-term agreement with UPS ("UPS Agreement") pursuant to which the Company will provide operations and maintenance services to 51 UPS renewable natural gas dispensing stations across the United States.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OPAL Fuels Inc. amended FM3 Amendment with a lender group led by MUFG Union Bank Ltd, as administrative agent (effective 2022-12-19).

Action
amendment
Agreement
credit facility
Counterparty
a lender group led by MUFG Union Bank Ltd, as administrative agent
Effective
2022-12-19
Exact text from the filing
Also, on December 19, 2022, Fortistar Methane 3 LLC (“ FM3 ”), an indirect subsidiary of Opal Fuels Inc. (the “ Company ”), which is the borrower under that $150 million Second Amended and Restated Credit Agreement, dated as of September 21, 2015, as amended (as so amended, the “ FM3 Credit Agreement ”), provided by a lender group led by MUFG Union Bank Ltd, as administrative agent, and guaranteed by certain direct subsidiaries of FM3, and Opal Fuels LLC (“ Opal Fuels ”), a direct subsidiary of the Company, and the other parties to the FM3 Credit Agreement entered into that Omnibus and Consent Agreement (the “ FM3 Amendment ”).
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Source: SEC EDGAR
accession 0001842279-22-000070
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