secwatch.observer — SEC 8-K summary
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Issuer:     OPAL Fuels Inc. (OPAL)
CIK:        0001842279
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0001842279-22-000070
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842279/000184227922000070/0001842279-22-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842279/000184227922000070/opal-20221215.htm
  HTML page:      https://secwatch.observer/filing/0001842279-22-000070

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