---
schema_version: "secwatch.filing_event.v1"
accession: "0001842279-22-000070"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2022-12-21T23:59:59+00:00"
generated_at: "2026-06-21T01:03:31.401147+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 10-year service contract with UPS to operate & maintain 51 RNG dispensing stations nationwide; auto-renew for 5 years.
- Compensation based on price per GGE dispensed, with annual 2% rate adjustment.
- FM3 Credit Agreement maturity extended from Dec 20, 2022 to Mar 20, 2023.
- Opal Fuels purchased ~$45M of outstanding FM3 loans as an affiliate lender under the amendment.
- FM3 amendment also permits prepayment of certain lenders and release of collateral from certain subsidiaries.

## SEC filing metadata
- accession: 0001842279-22-000070
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2022-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000184227922000070/0001842279-22-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000184227922000070/opal-20221215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001842279-22-000070
- JSON: https://secwatch.observer/filing/0001842279-22-000070.json
- Plain text: https://secwatch.observer/filing/0001842279-22-000070.txt

## Key facts
- Material Agreements
  OPAL Fuels Inc. entered into UPS Agreement with UPS (effective 2022-12-15).
  - Action: entry
  - Counterparty: UPS
  - Effective: 2022-12-15
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227922000070/0001842279-22-000070-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227922000070/0001842279-22-000070-index.htm

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