---
schema_version: "secwatch.filing_event.v1"
accession: "0001842279-25-000025"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2025-03-05T23:59:59+00:00"
generated_at: "2026-05-25T11:19:52.079084+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OPAL Fuels amends credit agreement; extends term loan availability to March 2026

## Summary
- Amendment eases conditions for borrowing on new projects and extends delayed draw term loan availability to March 5, 2026; repayment starts March 31, 2026.
- Consolidated Debt to Cash Flow ratio tightened: max 4.50x through Q2 2025, then 4.00x thereafter.
- Amendment permits organizational restructuring to facilitate sale of federal investment tax credits and raise capital; $1.25M lender fee paid.
- Quarterly distribution cap for preferred dividends set at $2.6M; dissolution of five inactive guarantors with no assets approved.
- Credit Underwriting Assumptions increased from $240M to $295M, reflecting expanded project scope.

## SEC filing metadata
- accession: 0001842279-25-000025
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2025-03-05T23:59:59+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/1842279/000184227925000025/0001842279-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000184227925000025/opal-20250303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001842279-25-000025
- JSON: https://secwatch.observer/filing/0001842279-25-000025.json
- Plain text: https://secwatch.observer/filing/0001842279-25-000025.txt

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