OPAL Fuels closes USD 180 million preferred stock facility with Fortistar affiliate

Reuters

Mar 10

OPAL Fuels closes USD 180 million preferred stock facility with Fortistar affiliate

OPAL Fuels said it closed a new preferred stock facility of USD 180 million with an affiliate of its majority shareholder, Fortistar. At closing, OPAL Fuels issued USD 120 million under the facility. The company said about USD 100 million of the proceeds was used to fully redeem Series A Preferred Units previously owned by Mendocino Capital. OPAL Fuels said the remaining USD 60 million will be available for future draw-downs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OPAL Fuels Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260309652431) on March 09, 2026, and is solely responsible for the information contained therein.

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At closing, OPAL Fuels issued USD 120 million under the facility. The company said about USD 100 million of the proceeds was used to fully redeem Series A Preferred Units previously owned by Mendocino Capital. OPAL Fuels said the remaining USD 60 million will be available for future draw-downs.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/OPAL\">OPAL Fuels Inc.</a> published the original content used to generate this news brief via Business Wire (Ref. 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OPAL Fuels said the remaining USD 60 million will be available for future draw-downs.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OPAL Fuels Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260309652431) on March 09, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}