LanzaTech Global, Inc. (LNZA) Form 8-K — Oct 20, 2026
LanzaTech Global closed a series of recapitalization and deleveraging transactions for LanzaJet on October 14, 2026, including the issuance of $10 million of senior secured notes with capacity for up to $25 million total. The notes bear interest at prime (7.00% floor) plus 2.25%, mature October 14, 2029, and carry 1.20x-1.30x minimum return prepayment multiples. Through a warrant exchange, LanzaTech received a Class Y Warrant that, upon exercise, would give it 66.67% of LanzaJet's fully diluted shares and voting power, consolidating control of the sustainable aviation fuel business. CEO Jennifer Holmgren was appointed interim CEO of LanzaJet and will chair its board.
Key figures
- Debt Amount
- $10,000,000 issued (up to $25,000,000 total)
- Interest Rate
- prime rate (7.00% floor) + 2.25%; 7.00% cash pay initially
- Maturity Date
- October 14, 2029
- Fsi warrant shares
- 1737921
- Tranche2 commitment
- $10,000,000 by December 1, 2026
- Minimum cash covenant
- 10% of outstanding Senior Secured Notes principal
- Minimum return multiple
- 1.20x-1.30x on prepayment
- Additional notes capacity
- $5,000,000
- Fsi warrant exercise price
- $5.754 per share
- Pro forma lanzajet ownership
- 66.67% fully diluted upon Class Y Warrant exercise
AI analysis
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