PureCycle extends $200M credit line to 2028

PureCycle Technologies, Inc. (PCT) amended its existing revolving credit facility to modify key terms.

Rhea-AI Filing Summary

PureCycle Technologies, Inc. (PCT) amended its existing revolving credit facility to modify key terms. The company has a Revolving Credit Agreement that provides a revolving credit facility allowing borrowings of up to $200 million. On August 28, 2026, PureCycle, its guarantor subsidiaries, the administrative and security agent, and the lenders executed a Twelfth Amendment to the Credit Agreement that, among other changes, extends the maturity date of the revolving credit facility from September 30, 2027 to September 30, 2028 and requires payment of a maturity extension fee. The lenders and their affiliates are disclosed as greater than 5% beneficial owners of PureCycle’s equity. A copy of the amendment is filed as an exhibit.

Filing Explained

The amendment creates a direct financial obligation through a required maturity extension fee, but the filing does not state the fee amount, so its economic size cannot be assessed from this disclosure.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Revolving Credit Facility Capacity: $200 million Original Maturity Date: September 30, 2027 Extended Maturity Date: September 30, 2028 +2 more

5 metrics

Revolving Credit Facility Capacity $200 million Maximum amount PureCycle can borrow under the Revolving Credit Facility

Original Maturity Date September 30, 2027 Prior maturity date of the Revolving Credit Facility before the Twelfth Amendment

Extended Maturity Date September 30, 2028 New maturity date of the Revolving Credit Facility after the Twelfth Amendment

Amendment Execution Date August 28, 2026 Date the Twelfth Amendment to the Credit Agreement was executed

Exhibit Number 10.1 Twelfth Amendment to Credit Agreement filed as an exhibit

Key Terms

Revolving Credit Facility, Maturity date, Administrative Agent, Security Agent, +1 more

5 terms

Revolving Credit Facility financial

"providing the Company with a revolving credit facility pursuant to which the Company can borrow up to $200 million"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

Maturity date financial

"extend the maturity date of the Revolving Credit Facility from September 30, 2027 to September 30, 2028"

The maturity date is the specific day when a loan, bond, or investment reaches its full term and the borrower must repay the borrowed amount in full. It is important for investors because it indicates when they will receive their initial money back and can plan their future financial steps accordingly. Think of it as the due date for a loan or the day a gift card or coupon expires.

Administrative Agent financial

"Kroll Trustee Services (HK) Limited (the “Administrative Agent” and “Security Agent”)"

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

Security Agent financial

"Kroll Trustee Services (HK) Limited (the “Administrative Agent” and “Security Agent”)"

beneficial owners financial

"The Lenders and their affiliates are greater than 5% beneficial owners of the Company"

Beneficial owners are the people or entities that actually enjoy the economic benefits and control of shares or other assets, even when legal title is held by someone else such as a broker, custodian or trustee. Investors pay attention because beneficial owners hold the real voting power, receive dividends and can influence strategy and takeover outcomes — like the driver of a car who uses and maintains it while the bank holds the title — so disclosure shows who truly controls and benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What key change did PureCycle Technologies (PCT) make to its revolving credit facility?

PureCycle extended the maturity of its revolving credit facility, moving the maturity date from September 30, 2027 to September 30, 2028 pursuant to the Twelfth Amendment to its Credit Agreement.

How large is PureCycle Technologies' (PCT) revolving credit facility?

PureCycle’s Revolving Credit Agreement provides a revolving credit facility under which the company can borrow up to $200 million, as stated in the description of the agreement and its amendment.

When was the Twelfth Amendment to PureCycle Technologies' Credit Agreement executed?

The Twelfth Amendment to PureCycle Technologies’ Credit Agreement was executed on August 28, 2026 by the company, its guarantors, the administrative and security agent, and the lenders.

What fee is associated with PureCycle Technologies' extension of its credit facility maturity?

The amendment requires that PureCycle Technologies pay a maturity extension fee in connection with extending the maturity date of the revolving credit facility, though the specific fee amount is not stated in this summary.

Who are the lenders under PureCycle Technologies' revolving credit agreement?

The lenders are Sylebra Capital Partners Master Fund, LTD and Sylebra Capital Menlo Master Fund. The filing states that these lenders and their affiliates are greater than 5% beneficial owners of PureCycle Technologies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/31/2026 - 04:16 PM EDT Accepted by SEC EDGAR 08/31/2026 - 04:15 PM EDT Learn about SEC filing dates

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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

Date of Report (Date of earliest event reported): August 28, 2026

PureCycle Technologies, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-40234	86-2293091
(State or other jurisdiction of incorporation)			(Commission File Number)	(IRS Employer Identification No.)
20 North Orange Avenue, Suite 106
Orlando, Florida				32801
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: 877 648-3565

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		PCT		The Nasdaq Stock Market LLC
Warrants, each exercisable for one share of common stock, $0.001 par value per share, at an exercise price of $11.50 per share		PCTTW		The Nasdaq Stock Market LLC
Units, each consisting of one share of common stock, $0.001 par value per share, and three quarters of one warrant		PCTTU		The Nasdaq Stock Market LLC

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, PureCycle Augusta, LLC and PureCycle (Thailand) Company Limited (collectively, the “Guarantors”), Sylebra Capital Partners Master Fund, LTD and Sylebra Capital Menlo Master Fund (collectively, the “Lenders”), and Kroll Trustee Services (HK) 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 August 28, 2026, the Company, the Guarantors, the Administrative Agent, the Security Agent and the Lenders executed the Twelfth Amendment to Credit Agreement (“Twelfth Amendment to Credit Agreement”), which amends the Revolving Credit Agreement to, among other things, (i) extend the maturity date of the Revolving Credit Facility from September 30, 2027 to September 30, 2028 and (ii) require that the Company pay a maturity extension fee. The Lenders and their affiliates are greater than 5% beneficial owners of the Company.

The foregoing description of the Twelfth Amendment to Credit Agreement is not complete and is qualified in its entirety by reference to the full text of the agreement, which is attached hereto as Exhibit 10.1.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information contained under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

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	Twelfth Amendment to Credit Agreement, dated as of August 28, 2026, among PureCycle Technologies, Inc. as the Borrower, PureCycle Technologies, LLC, PureCycle Technologies Holdings Corp., PureCycle Augusta, LLC and PureCycle (Thailand) Company Limited, as Guarantors, Sylebra Capital Partners Master Fund, LTD and Sylebra Capital Menlo Master Fund, the Lenders, and Kroll Trustee Services (HK) Limited, as Administrative Agent and as Security Agent.
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.

			PureCycle Technologies, Inc.
Date:	August 31, 2026	By:	/s/ Donald Carpenter
			Name: Donald Carpenter Title: Chief Financial Officer

Filing Exhibits & Attachments

2 documents

Agreements & Contracts

• EX-10.1 EX-10.1 79.4 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 53.6 KB