{"schema_version":"secwatch.filing_event.v1","accession":"0001842279-23-000077","form_type":"8-K","ticker":"OPAL","cik":"0001842279","company_name":"OPAL Fuels Inc.","filed_at":"2023-09-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.671768+00:00","generated_at":"2026-06-11T00:11:11.445438+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"OPAL Fuels closes $500M senior secured credit facility; revises FY2023 capex down to $175-195M","bullets":["New $500M credit facility includes $450M term loans (initial + delayed draw) and $50M revolver; matures in 5 years.","Proceeds used to refinance ~$87.6M existing debt, repay $15.7M preferred returns and $30.1M ARCC Beacon note, fund RNG construction.","After closing, expects ~$300M available for development and construction capex.","FY2023 capex guidance reduced from $220-240M to $175-195M due to construction delays and permit timing.","Interest rate: Term SOFR + 3.5% initially, increasing 0.25% p.a.; covenants: DSCR ≥1.2x, leverage ≤4.5x (then 4.0x)."],"urls":{"canonical":"https://secwatch.observer/filing/0001842279-23-000077","json":"https://secwatch.observer/filing/0001842279-23-000077.json","markdown":"https://secwatch.observer/filing/0001842279-23-000077.md","text":"https://secwatch.observer/filing/0001842279-23-000077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1842279/000184227923000077/0001842279-23-000077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1842279/000184227923000077/opal-20230901.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T00:11:11.445438+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":"7944dd9f9a9a9a246759b7ca88f72b6c84534246","claim":"OPAL Fuels Inc. incurred credit facility of $500 million with Bank of America, N.A., as administrative agent at Term SOFR plus 3.5%, increasing by 0.25% per annum during the term maturing five-year anniversary of the closing date.","evidence_excerpt":"On September 1, 2023, Opal Fuels Intermediate HoldCo LLC (“ Intermediate HoldCo ” or the “ Borrower ”)), an indirect wholly-owned subsidiary of OPAL Fuels Inc. (the “ Company ”) entered into a new $500 million senior secured credit facility (the “ Credit Facility ”) pursuant to a Credit and Guarantee Agreement (the “ Credit Agreement ”) with Intermediate HoldCo as the Borrower, direct and indirect subsidiaries of the Borrower as guarantors (the “ Guarantors ”), the lenders party thereto, as lenders, Apterra Infrastructure Capital LLC, Barclays Bank PLC, BofA Securities, Inc., Celtic Bank Corporation, Citibank, N.A., JP Morgan Chase Bank, N.A. Investec Inc. and ICBC Standard Bank PLC, as joint lead arrangers, and Bank of America, N.A., as administrative agent.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1842279/000184227923000077/0001842279-23-000077-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$500 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"Term SOFR plus 3.5%, increasing by 0.25% per annum during the term"},{"label":"Maturity","value":"five-year anniversary of the closing date"},{"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"}