Eos Energy Enterprises, Inc. (EOSE): debt financing — Eos Energy secures additional $5.3M term loan from Atlas under existing credit facility

Eos Energy Enterprises, Inc.

Commitment Increase Agreement dated Dec 7, 2022 adds $5,319,148.94 to the $85.1M term loan originally funded July 29, 2022.
Proceeds allocated to interest escrow account ($12.3M now required), growth investments, PA manufacturing facility expansion, and transaction costs.
Lender is ACP Post Oak Credit I LLC, also serving as administrative agent; terms consistent with original loan.
Total incremental commitments now $14.9M (previous $9.6M + this $5.3M); all funded under same terms.

item 1.01 item 2.03 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. amended credit facility of $5.3 million with ACP Post Oak Credit I LLC.

Instrument: credit facility
Principal: $5.3 million
Counterparty: ACP Post Oak Credit I LLC
Event: amendment

Exact text from the filing

On December 7, 2022, the Company entered into a Commitment Increase Agreement (the “Commitment Increase Agreement”) by and among the Company, each subsidiary of the Company, as guarantors, and the Lenders. Pursuant to the Commitment Increase Agreement, the Company requested, and the Lenders agreed to fund, an additional commitment of $5.3 million under the Credit Agreement.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Eos Energy Enterprises, Inc. amended Senior Secured Term Loan Credit Agreement Commitment Increase Agreement with ACP Post Oak Credit I LLC valued at $5.3 million additional commitment (effective 2022-12-07).

Action: amendment
Agreement: credit facility
Counterparty: ACP Post Oak Credit I LLC
Value: $5.3 million additional commitment
Effective: 2022-12-07

Exact text from the filing

On December 7, 2022, the Company entered into a Commitment Increase Agreement (the “Commitment Increase Agreement”) by and among the Company, each subsidiary of the Company, as guarantors, and the Lenders. Pursuant to the Commitment Increase Agreement, the Company requested, and the Lenders agreed to fund, an additional commitment of $5.3 million under the Credit Agreement.

View on SEC.gov

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

Eos Energy Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001805077-22-000006

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