How OPAL Fuels’ New Preferred Stock Facility Supports Its Next Growth Phase

On March 9, 2026, OPAL Fuels announced that it had closed a caller $180 cardinal preferred banal installation with an affiliate of its bulk shareholder, Fortistar. At the closing, the institution issued $120 cardinal nether the facility, with the remaining $60 cardinal disposable for aboriginal drawdowns.

The institution said astir $100 cardinal of the archetypal backing was utilized to afloat redeem the Series A Preferred Units antecedently owned by Mendocino Capital, LLC, a wholly owned subsidiary of NextEra Energy, Inc. The remaining funds whitethorn beryllium utilized for wide firm purposes, including moving capital, superior expenditures, and project-level financing.

Management said the financing would enactment OPAL Fuels’ adjacent signifier of maturation by helping money the improvement and operation of caller renewable earthy state projects and fueling infrastructure for heavy-duty transportation. In the related 8-K, OPAL Fuels said the caller Series A Preferred Units transportation preferred quarterly distributions of 12% per annum, compounded quarterly.

OPAL Fuels Inc. (NASDAQ:OPAL) is simply a shaper and distributor of renewable earthy state for heavy-duty trucking and different proscription markets. The institution besides develops and operates RNG accumulation projects and fueling infrastructure crossed the United States.

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