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Plug Power Inc. (NASDAQ:PLUG) Files An 8-K Entry into a Material Definitive Agreement

Plug Power Inc. (NASDAQ:PLUG) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry Into a Material Definitive Agreement.

On July21, 2017, Plug Power Inc., a Delaware corporation (the “Company”) entered into an Amended and Restated Loan and Security Agreement (the “Amended Loan Agreement”) with NY Green Bank, a Division of the New York State Energy Research& Development Authority (“Lender”), which amends and restates the Loan and Security Agreement it entered into on December23, 2016 with Lender (the “Original Loan Agreement”). The Amended Loan Agreement, among other things, provides for an additional $20 million term loan to be added to the existing $25 million term loan under the Original Loan Agreement and amends the interest rate, prepayment penalty, and product deployment and employment targets. The maturity of the Amended Loan Agreement will remain at December2019.

The foregoing summary is qualified in its entirety by reference to the Amended Loan Agreement, which is filed as Exhibit10.1 hereto and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant

See the disclosure set forth in Item 1.01, “Entry into a Material Definitive Agreement,” of this Current Report on Form8-K, which disclosure is incorporated into this Item 2.03 by reference.

Item 8.01.Other Events.

On July26, 2017, the Company issued a press release with respect to the Amended Loan Agreement, which press release is attached hereto as Exhibit99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits.

ExhibitNumber

Title

10.1

Amended and Restated Loan and Security Agreement, dated as of July21, 2017, by and between Plug Power Inc. and NY Green Bank

99.1

Plug Power Inc. Press Release dated July26, 2017

PLUG POWER INC ExhibitEX-10.1 2 a17-17176_2ex10d1.htm EX-10.1 Exhibit 10.1   AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT   THIS AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Agreement”) is made and dated as of July 21,…To view the full exhibit click here
About Plug Power Inc. (NASDAQ:PLUG)
Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled proton exchange membrane (PEM) fuel cell system. It provides power to material handling vehicles. GenFuel is a hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for productivity. GenCare is an ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is a stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors.

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