Purecycle provides notice of agreement in principle to purchase ironton bonds

Orlando, fl / accesswire / february 5, 2024 / purecycle technologies, inc. (nasdaq:pct) (the "company"), today announced that purecycle: ohio llc ("pco"), an indirect subsidiary of the company, has reached an agreement in principle with holders of a majority (the "majority holders") of the southern ohio port authority exempt facility revenue bonds (purecycle project), tax-exempt series 2020a (the "series 2020a bonds"), of which $219,550,000 principal amount is outstanding, to purchase for cash (the "purchase"), at a purchase price equal to $1,030 per $1,000 principal amount of bonds (as defined below) purchased (the "purchase price"). in addition to the majority holders, additional holders of the series 2020a bonds may participate in the purchase.
PCT Ratings Summary
PCT Quant Ranking