Cases & Deals

PureCycle Technologies completes $250 million Green Convertible Senior Notes offering

Client(s) PureCycle Technologies LLC

Jones Day represented PureCycle Technologies, Inc., in connection with a Rule 144A offering of $250 million aggregate principal amount of 7.25% Green Convertible Senior Notes due 2030. PureCycle is a Florida-based corporation focused on commercializing a patented purification recycling technology, called ultra-pure recycled resin, which has nearly identical properties and applicability for reuse as virgin polypropylene. PureCycle’s goal is to create an important new segment of the global polypropylene market that will assist multinational entities in meeting their sustainability goals, providing consumers with polypropylene-based products that are sustainable, and reducing overall polypropylene waste in the world’s landfills and oceans.