PureCycle Technologies, Inc. (PCT) Form 424B5 — Jun 12, 2026
PureCycle Technologies (PCT) is offering $250 million of 4.75% Convertible Senior Notes due 2032, with an initial conversion price of $11.08 per share. The notes bear interest at 4.75% per year, payable semiannually, and mature on July 1, 2032. Morgan Stanley and Cantor are acting as joint bookrunners for the offering. Concurrently, the company is conducting an underwritten public offering of 17,570,200 shares of common stock at $8.21 per share.
Key figures
- Debt Amount
- 250000000
- Interest Rate
- 4.75
- Maturity Date
- 2032-07-01
- Gross Proceeds
- 242500000
- Offering Price
- 8.21
- Shares Offered
- 17570200
- Conversion rate
- 90.2242
- Conversion price
- 11.08
- Total debt pre offering
- 403800000
- Total debt post offering
- 653800000
- Green notes repurchase cost
- 246300000
- Over allotment option notes
- 37500000
- Green notes repurchase amount
- 216000000
Price after filing
1 day: 0.0%7 days: -3.5%30 days: -17.3%
Close on the filing date to close N calendar days later (from $9.02). Historical, not a forecast.
AI analysis
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