{"schema_version":"secwatch.filing_event.v1","accession":"0001842279-23-000054","form_type":"8-K","ticker":"OPAL","cik":"0001842279","company_name":"OPAL Fuels Inc.","filed_at":"2023-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.133216+00:00","generated_at":"2026-06-14T08:30:24.220966+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"OPAL Fuels funds RNG projects via $85M delayed-draw term loan in 50/50 JV Paragon RNG","bullets":["On May 30, 2023, OPAL contributed Sapphire and Emerald RNG interests to Paragon RNG LLC, a 50/50 JV with a third-party environmental solutions company; indirect ownership unchanged.","Paragon RNG borrowed up to $85M (delayed-draw term loan) and $10M (DSR facility) under amended credit agreement maturing May 30, 2028; $18.5M drawn at closing for Emerald construction.","Interest rate: Term SOFR +3.50% pre-conversion (June 30, 2024 or earlier) and +3.75% thereafter; quarterly amortization of 2.5% starts Sep 30, 2024.","Loans are non-recourse to OPAL Fuels Inc.; secured by Paragon and project assets; requires minimum debt service coverage ratio of 1.2:1.0.","Proceeds used for construction of Sapphire and Emerald renewable natural gas projects; previous credit agreement fully replaced."],"urls":{"canonical":"https://secwatch.observer/filing/0001842279-23-000054","json":"https://secwatch.observer/filing/0001842279-23-000054.json","markdown":"https://secwatch.observer/filing/0001842279-23-000054.md","text":"https://secwatch.observer/filing/0001842279-23-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1842279/000184227923000054/0001842279-23-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1842279/000184227923000054/opal-20230530.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T08:30:24.220966+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9eff2fbe224eece6f049be0e9aa99395c98da360","claim":"OPAL Fuels Inc. incurred credit facility of up to a maximum aggregate principal amount of $85.0 million with Bank of Montreal at adjusted Term SOFR plus 3.5% to 3.75% maturing May 30, 2028.","evidence_excerpt":"The Credit Agreement provides for an approximately two-year delayed term loan facility (the “DDTL Facility”) of up to a maximum aggregate principal amount of $85.0 million and a debt service reserve facility (the “DSR Facility”) of up to a maximum aggregate principal amount of $10.0 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1842279/000184227923000054/0001842279-23-000054-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to a maximum aggregate principal amount of $85.0 million"},{"label":"Counterparty","value":"Bank of Montreal"},{"label":"Rate","value":"adjusted Term SOFR plus 3.5% to 3.75%"},{"label":"Maturity","value":"May 30, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}