secwatch.observer — SEC 8-K summary
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Issuer:     OPAL Fuels Inc. (OPAL)
CIK:        0001842279
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001842279-24-000003
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842279/000184227924000003/0001842279-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842279/000184227924000003/opal-20240305.htm
  HTML page:      https://secwatch.observer/filing/0001842279-24-000003

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