PureCycle extends $200M revolver maturity to Sep 30, 2027
PureCycle Technologies (PCT) entered a Tenth Amendment to its Revolving Credit Agreement, extending the maturity of its $200 million revolving credit facility from September 30, 2026 to September 30, 2027.
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Rhea-AI Filing Summary
PureCycle Technologies (PCT) entered a Tenth Amendment to its Revolving Credit Agreement, extending the maturity of its $200 million revolving credit facility from September 30, 2026 to September 30, 2027. The amendment was executed on November 4, 2025 with existing lenders affiliated with Sylebra Capital, who are greater than 5% beneficial owners, and Madison Pacific Trust as administrative and security agent.
The filing also notes a press release announcing third-quarter 2025 results and an investor presentation, both dated November 6, 2025, furnished as exhibits. The maturity extension adds an additional year to the company’s committed liquidity framework without changing the disclosed facility size.
Insights
Maturity extended one year on a $200M revolver; neutral.
Extending the revolving credit facility’s maturity from September 30, 2026 to September 30, 2027 preserves access to committed liquidity of up to $200 million. This reduces near-term refinancing timing risk while keeping the capital structure broadly unchanged in the excerpt.
The lenders are Sylebra-affiliated funds, noted as greater than 5% beneficial owners, with Madison Pacific Trust as agent. Terms beyond maturity aren’t provided here, so any pricing or covenant shifts can’t be assessed. Subsequent disclosures or the filed amendment may detail additional mechanics.
8-K Event Classification
FAQ
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What did PureCycle (PCT) change in its credit facility?
What is the size of PureCycle’s revolving credit facility?
Who are the lenders and agents in PureCycle’s agreement?
Did PureCycle announce earnings with this filing?
Is there an investor presentation available?
Which exhibit contains the credit amendment?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
Amendment to Revolving Credit Agreement
PureCycle Technologies, Inc. (the “Company”) is party to that certain Credit Agreement (as amended, the “Revolving Credit Agreement”) dated as of March 15, 2023, with PureCycle Technologies Holdings Corp., PureCycle Technologies, LLC, and PureCycle Augusta, LLC (collectively, the “Guarantors”), Sylebra Capital Partners Master Fund, LTD, Sylebra Capital Parc Master Fund, and Sylebra Capital Menlo Master Fund (collectively, the “Lenders”), and Madison Pacific Trust Limited (the “Administrative Agent” and “Security Agent”), providing the Company with a revolving credit facility pursuant to which the Company can borrow up to $200 million (the “Revolving Credit Facility”). On November 4, 2025, the Company, the Guarantors, the Administrative Agent, the Security Agent and the Lenders executed a Tenth Amendment to the Credit Agreement (“Tenth Amendment to Credit Agreement”), which amends the Revolving Credit Agreement to extend the maturity date of the Revolving Credit Facility from September 30, 2026 to September 30, 2027. The Lenders and their affiliates are greater than 5% beneficial owners of the Company.
The foregoing summary of the Tenth Amendment to Credit Agreement is subject to, and qualified in its entirety by, the text of the Tenth Amendment to Credit Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 2.02 Results of Operations and Financial Condition.
On November 6, 2025, the Company issued a press release, attached hereto as Exhibit 99.1 and incorporated herein by reference, announcing the Company’s financial results for the third quarter ended September 30, 2025, and certain other information.
The information contained in Item 7.01 concerning the presentation to Company’s investors is hereby incorporated into this Item 2.02 by reference.
Item 7.01 Regulation FD Disclosure.
The slide presentation attached hereto as Exhibit 99.2, and incorporated herein by reference, will be presented to certain investors of the Company on November 6, 2025 and may be used by the Company in various other presentations to investors.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Set forth below is a list of Exhibits included as part of this Current Report.
Exhibit Number |
Description of Exhibit |
10.1 |
Tenth Amendment to Credit Agreement, dated as of November 4, 2025, by and among PureCycle Technologies, Inc., PureCycle Technologies Holdings Corp., PureCycle Technologies, LLC, PureCycle Augusta, LLC (collectively, the Borrower and Guarantors) and Madison Pacific Trust Company Limited (the Administrative Agent and Security Agent) |
99.1 |
Press Release by PureCycle Technologies, Inc., dated November 6, 2025 |
99.2 |
PureCycle Technologies, Inc. Presentation to Investors |
104 |
The cover page from this Current Report on Form 8-K, formatted as Inline XBRL |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PureCycle Technologies, Inc. |
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Date: |
November 6, 2025 |
By: |
/s/ Jaime Vasquez |
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Jaime Vasquez, Chief Financial Officer |