secwatch.observer — SEC 8-K summary
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Issuer:     ESS Tech, Inc. (GWH)
CIK:        0001819438
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001628280-24-045278
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819438/000162828024045278/0001628280-24-045278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819438/000162828024045278/wk-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045278

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer