Financing ·
On June 10, 2026, PureCycle Technologies announced concurrent underwritten public offerings of $250.0 million in…
PCTPureCycle Technologies, Inc.
On June 10, 2026, PureCycle Technologies announced concurrent underwritten public offerings of $250.0 million in convertible senior notes due 2032 and $145.0 million of common stock. To facilitate these offerings, the company executed the Eleventh Amendment to its Revolving Credit Agreement with Sylebra Capital Partners and other lenders, which permits the offerings and removes certain secured obligations related to Series A Preferred Stock, Series C Warrants, and Pre-Funded Warrants. The company also provided updated risk factor disclosures. PureCycle Technologies operates in the plastics recycling industry, focusing on the purification of waste polypropylene.