---
schema_version: "secwatch.filing_event.v1"
accession: "0001842279-24-000003"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-05T00:01:59.716164+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OPAL Fuels JV Paragon RNG amends credit agreement; extends project completion to Dec 1, 2024

## Summary
- DSR facility reclassified as $10M revolving loan facility with same terms.
- Construction completion date for Emerald and Sapphire projects extended from June 30 to Dec 1, 2024.
- DDTL facility reduced from $85M to ~$81M; no longer available for Emerald project costs.
- Mandatory quarterly principal prepayments of $2M in 2024, plus additional targets up to $15M.
- Amendment fee of $150,000 paid at closing.

## SEC filing metadata
- accession: 0001842279-24-000003
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000184227924000003/0001842279-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000184227924000003/opal-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001842279-24-000003
- JSON: https://secwatch.observer/filing/0001842279-24-000003.json
- Plain text: https://secwatch.observer/filing/0001842279-24-000003.txt

## Key facts
- Debt Financings
  OPAL Fuels Inc. amended revolving credit of up to a maximum aggregate principal amount of $10.0 million with Bank of Montreal at substantially the same terms as the DSR Facility.
  - Instrument: revolving credit
  - Principal: up to a maximum aggregate principal amount of $10.0 million
  - Counterparty: Bank of Montreal
  - Rate: substantially the same terms as the DSR Facility
  - Event: amendment
  source text: the Credit Agreement Amendment reclassifies the debt service reserve facility (the “DSR Facility”) under the Credit Agreement as a revolving loan facility of up to a maximum aggregate principal amount of $10.0 million (the “Revolving Loan Facility”) on substantially the same terms as the DSR Facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227924000003/0001842279-24-000003-index.htm
- Debt Financings
  OPAL Fuels Inc. amended credit facility of $2.0 million each on the last business day of each fiscal quarter in 2024, and to the extent funds are available on such.
  - Instrument: credit facility
  - Principal: $2.0 million each on the last business day of each fiscal quarter in 2024, and to the extent funds are available on such
  - Event: amendment
  source text: The Credit Agreement Amendment and the Depositary Agreement Amendment together require prepayments of principal in the amount of $2.0 million each on the last business day of each fiscal quarter in 2024, and to the extent funds are available on such dates, additional prepayments in the amounts of $2.5 million, $6.0 million, $10.0 million and $15.0 million (each a “Target Aggregate Special Principal Prepayment Amount”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227924000003/0001842279-24-000003-index.htm
- Debt Financings
  OPAL Fuels Inc. amended term loan of from a maximum aggregate principal amount of $85.0 million to approximately $81.0 million.
  - Instrument: term loan
  - Principal: from a maximum aggregate principal amount of $85.0 million to approximately $81.0 million
  - Event: amendment
  source text: Availability under the Credit Agreement’s delayed term loan facility (the “DDTL Facility”) has been reduced from a maximum aggregate principal amount of $85.0 million to approximately $81.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227924000003/0001842279-24-000003-index.htm

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