Financing ·
PureCycle Technologies, Inc. completed two major offerings on June 15, 2026, raising approximately $278.3 million…
PCTPureCycle Technologies, Inc.
PureCycle Technologies, Inc. completed two major offerings on June 15, 2026, raising approximately $278.3 million through the sale of $287.5 million in 4.75% convertible senior notes due 2032 and approximately $154.2 million through a public common stock offering of 19,854,000 shares. The company simultaneously entered into agreements to repurchase approximately $216.0 million in principal of its outstanding 7.25% Green Convertible Senior Notes due 2030 for $246.3 million in cash. These transactions are expected to reduce the outstanding Green Convertible Notes to approximately $34.0 million. PureCycle Technologies, Inc. is a technology company focused on recycling processes.