Close the Jazan project financing transaction

Delivered after the deadline (27 days after the deadline)

AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.

Announced: 10 May 2021
Due: 30 Sep 2021
Delivered: 27 Oct 2021

Deadline
Met
Late
Not met
Today

What the company said

“In final stages of project financing; barring unforeseen circumstances, expect to close during this fiscal year”

SourceAir Products Form 8-K press release, 2021-05-10
FilingSEC filing index
Deadline as statedduring this fiscal year
Deadline used30 Sep 2021, the last day of the stated period
TypeTransaction
Permanent referenceKI-C-2021-APD-014480
Cite as https://keptindex.org/c/KI-C-2021-APD-014480/ — this address never changes.

What we found

Evidence strength A What the grades mean

The company announced the completion of the Jazan project financing transaction on October 27, 2021, which occurred after the close of its 2021 fiscal year on September 30, 2021.

A
Air Products 8-K filed 2021-10-27 Regulatory filing · published 27 Oct 2021 · retrieved 18 Oct 2026 · kept permanently by the SEC · fingerprint adca3d67a510
“Air Products (NYSE: APD) today announced the completion of the asset acquisition and project financing transactions for the ~$12 billion air separation unit/gasification/power joint venture (JV) with Aramco, ACWA Power and Air Products Qudra at Jazan, Saudi Arabia.” ✓ confirmed on the page

Market reaction: the shares moved +1.1% against the S&P 500 over the three sessions around the disclosure (26 Oct 2021 to 29 Oct 2021). What this measures

Checked 18 Oct 2026.

Commitment lineage

Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.

1 versions

Version 1 · original · stated 10 May 2021

Deadline 30 Sep 2021 (“during this fiscal year”) · wording expected
Version 2 · stated 3 Nov 2022

Deadline 31 Mar 2023 (“Q2FY23”) · wording expected

“expect Phase II to close in Q2FY23”
Source for this version

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type: Acquisition close
Indicative materiality: High rules
Action: Close
Deliverable: Jazan project financing
Language: Expected (“expects”, “plans”)
In the company’s control: Medium
Specificity: Medium
Conditional: Yes: barring unforeseen circumstances
Depends on: Financing

How this entry was checked

Commitment recordedThe company's words were matched word for word against the filing.
First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.

Confirmed. This outcome counts towards the company's Kept Score. How verification works

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