Eos Energy Enterprises, Inc. (EOSE): debt financing — Eos closes $600M convertible notes, $458M equity offering, and $565M debt repurchase

Eos Energy Enterprises, Inc.

Issued $600M aggregate principal of 1.75% convertible senior notes due 2031 (including $75M option). Initial conversion price ~$16.29, ~27.5% premium to stock on Nov 19.
Sold 35.9M shares of common stock in registered direct offering at $12.78 per share, raising ~$458M.
Repurchased $200M of existing 6.75% convertible notes due 2030 for ~$564.6M in cash.
Issued DOE warrant for 570k shares of common stock; credit agreement amended to permit cash settlement of conversions.
Net proceeds from notes of ~$507.9M (up to $580.5M if option fully exercised) used for repurchases and general corporate purposes.

item 1.01 item 2.03 item 3.02 item 8.01 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 0.9

Eos Energy Enterprises, Inc. incurred convertible notes of $600,000,000 aggregate principal amount at 1.75% maturing December 1, 2031.

Instrument: convertible notes
Principal: $600,000,000 aggregate principal amount
Rate: 1.75%
Maturity: December 1, 2031
Event: incurrence

Exact text from the filing

On November 24, 2025 (the “Closing Date”), Eos Energy Enterprises, Inc. (the “Company”) issued $600,000,000 aggregate principal amount of its 1.75% Convertible Senior Notes due 2031 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Eos Energy Enterprises, Inc. entered into Indenture with Wilmington Trust, National Association valued at $600,000,000 (effective 2025-11-24).

Action: entry
Agreement: notes offering
Counterparty: Wilmington Trust, National Association
Value: $600,000,000
Effective: 2025-11-24

Exact text from the filing

On November 24, 2025 (the “Closing Date”), Eos Energy Enterprises, Inc. (the “Company”) issued $600,000,000 aggregate principal amount of its 1.75% Convertible Senior Notes due 2031 (the “Notes”). The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of the Closing Date, between the Company and Wilmington Trust, National Association, as trustee (the “Trustee”).

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Eos Energy Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-114153

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