Energy Vault Holdings, Inc. (NRGV): debt financing — Energy Vault issues additional $10M of 5.25% convertibles; repays $45M Yorkville debt

Energy Vault Holdings, Inc.

Initial purchasers exercised option to buy $10M in additional 5.250% Convertible Senior Notes due 2031 on same terms.
Company entered additional capped call transactions with cap price initially $8.12/share to offset dilution from conversion.
Net proceeds from the $140M initial note sale used to redeem $45M of senior unsecured convertible debentures held by YA II PN, Ltd.
Total aggregate principal of convertible notes now $150M after the optional $10M addition.

item 1.01 item 8.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

Energy Vault Holdings, Inc. incurred convertible notes of $10.0 million additional aggregate principal amount with Jefferies LLC, Cantor Fitzgerald & Co. and Citigroup Global Markets Inc. at 5.250% maturing due 2031.

Instrument: convertible notes
Principal: $10.0 million additional aggregate principal amount
Counterparty: Jefferies LLC, Cantor Fitzgerald & Co. and Citigroup Global Markets Inc.
Rate: 5.250%
Maturity: due 2031
Event: incurrence

Exact text from the filing

On February 25, 2026, the Initial Purchasers notified the Company that they had elected to purchase $10.0 million in additional aggregate principal amount (the "Option Notes," and together with the Initial Notes, the "Notes") of the Company’s 5.250% Convertible Senior Notes due 2031 pursuant to the option granted to them under the Purchase Agreement. On February 27, 2026, the Company issued to the Initial Purchasers the Option Notes on the same terms as the Initial Notes.

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26 debt financings filed in the last 30 days. Browse all debt financings →

Energy Vault Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-021646

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