PureCycle Technologies, Inc. (PCT) Form 8-K — Jun 10, 2026
PureCycle Technologies (PCT) announced concurrent underwritten public offerings of $250 million in convertible senior notes due 2032 and $145 million in common stock. The company intends to use the net proceeds to repurchase a portion of its outstanding 7.25% Green Convertible Notes due 2030 and for general corporate purposes. To facilitate these offerings, PureCycle executed an Eleventh Amendment to its Revolving Credit Agreement with lenders including Sylebra Capital affiliates. The amendment permits the new equity and debt issuances and removes certain obligations related to Series A Preferred Stock and warrants from secured obligations.
Key figures
- Existing Debt
- 403800000
- Notes Offered
- 250000000
- Equity Offered
- 145000000
- Notes Over Allotment
- 37500000
- Equity Over Allotment
- 18750000
- Revolving Credit Facility
- 200000000
- Existing Convertible Notes
- 250000000
- Notes Maturity
- 2032
- Existing Notes Coupon
- 7.25%
- Existing Notes Maturity
- 2030
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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