PureCycle Technologies, Inc. (PCT) Form 424B5 — Jun 10, 2026
PureCycle Technologies is offering $250 million of convertible senior notes due 2032 and concurrently offering $145 million of common stock. The company intends to use the combined proceeds to repurchase a portion of its existing 7.25% Green Convertible Senior Notes due 2030, thereby reducing future dilution and interest obligations. The new notes will rank equal to the Green Convertible Notes but are structurally junior to subsidiary liabilities, which totaled $248.9 million as of March 31, 2026. Total consolidated debt will rise from $403.8 million to approximately $653.8 million pro forma, highlighting significant leverage for an early-stage commercial company.
Key figures
- Total Debt
- 403800000
- Debt Amount
- 250000000
- Gross Proceeds
- 250000000
- Secured debt
- 153800000
- Valuation allowance
- 214600000
- Stock price last reported
- 10.8
- Concurrent equity offering
- 145000000
- Over allotment option notes
- 37500000
- Total debt post issuance proforma
- 653800000
- Thailand facility investment estimate
- 250000000
- Federal net operating loss carryforwards
- 800800000
- Concurrent equity offering with overallotment
- 163750000
- Subsidiary liabilities structurally subordinated
- 248900000
Price after filing
Close on the filing date to close N calendar days later (from $10.79). Historical, not a forecast.
AI analysis
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