PureCycle Technologies, Inc. 8-K
Research Summary
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PureCycle Technologies Amends Bond Indenture, Extends Outside Completion Date
What Happened PureCycle Technologies, Inc. (through its indirect subsidiary PureCycle: Ohio LLC) filed an 8-K on December 30, 2025 disclosing a Seventh Supplemental Indenture dated December 26, 2025. The supplemental indenture amends the Southern Ohio Port Authority (SOPA) revenue bond Indenture and related Loan Agreement governing the financing for PureCycle’s first commercial-scale recycling facility in Lawrence County, Ohio.
Key Details
- The Seventh Supplemental Indenture was entered into on December 26, 2025 by SOPA (Issuer), PureCycle: Ohio LLC (borrower), PureCycle Technologies LLC (Guarantor), PCTO Holdco LLC (pledgor), and UMB Bank, N.A. (Trustee).
- The definition of “Outside Completion Date” in the Indenture/Loan Agreement was amended to December 31, 2029.
- The definition of “Majority Holders” was revised to mean holders of a majority in aggregate principal amount of Senior Bonds then outstanding, or if no Senior Bonds are outstanding, a majority of Bonds then outstanding.
- The full Seventh Supplemental Indenture is filed as Exhibit 10.1 to the 8-K.
Why It Matters This filing changes the formal financing terms for PureCycle’s Ohio project by extending the deadline to complete the project (the Outside Completion Date) to the end of 2029 and by altering how a “majority” of bondholders is determined for certain decisions. For investors, these are material because they affect the project timeline tied to the SOPA bonds and may influence bondholder voting power on future amendments or remedies. The complete text of the supplemental indenture is available as an exhibit for anyone who wants to review the precise legal changes.