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Published on 8/21/2023 in the Prospect News Convertibles Daily.

Convertibles Calendar: PureCycle on tap

Aug. 21

PURECYCLE TECHNOLOGIES INC.

• $200 million seven-year convertible notes

• $30 million greenshoe

• Original issue discount of 90, fixed coupon of 7.5% and initial conversion premium of 50%

• Accretive until Aug 15, 2027

• Rule 144A

• Oppenheimer & Co. Inc.

• Proceeds to finance or refinance eligible green projects

• Orlando, Fla.-based recycling technology company


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