ESS Tech enters $22.7M credit agreement with EXIM for production line financing

ESS Tech, Inc.

Loan facility of up to $22,709,850; $20M for equipment financing, balance for fees.
Maturity June 30, 2031; interest at EXIM Commercial Interest Reference Rate, payable quarterly.
Repayment in 19 quarterly installments starting December 30, 2026.
Covenants include trailing four-quarter revenue targets tested quarterly from March 31, 2025.
Secured by first-priority security interest in financed equipment and restricted cash collateral.

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