secwatch.observer — SEC 8-K summary
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Issuer:     OPAL Fuels Inc. (OPAL)
CIK:        0001842279
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001842279-25-000025
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 amends credit agreement; extends term loan availability to March 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842279/000184227925000025/0001842279-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842279/000184227925000025/opal-20250303.htm
  HTML page:      https://secwatch.observer/filing/0001842279-25-000025

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