{"schema_version":"secwatch.filing_event.v1","accession":"0001828536-25-000093","form_type":"8-K","ticker":"NRGV","cik":"0001828536","company_name":"Energy Vault Holdings, Inc.","filed_at":"2025-07-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.180885+00:00","generated_at":"2026-05-18T00:23:11.199655+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Energy Vault closes $18M project financing for 57 MW/114 MWh Cross Trails BESS in Texas","bullets":["$17.8M senior secured term loan facility with Wilmington Trust; matures July 2032 at 5-6% interest.","Cross Trails BESS reached commercial operation June 2025; 10-year offtake agreement with Gridmatic.","Expects $12M+ additional from ITC sale agreement this quarter; levered IRR ~15%.","Second project financing close following $28M Calistoga deal; part of 'Own & Operate' strategy.","Facility secured by substantially all assets of project subsidiary; includes mandatory prepayment provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001828536-25-000093","json":"https://secwatch.observer/filing/0001828536-25-000093.json","markdown":"https://secwatch.observer/filing/0001828536-25-000093.md","text":"https://secwatch.observer/filing/0001828536-25-000093.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828536/000182853625000093/0001828536-25-000093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828536/000182853625000093/nrgv-20250723.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T00:23:11.199655+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d5a6d0758c6eb3dbaebea7cc996d3fc54e628ddc","claim":"Energy Vault Holdings, Inc. incurred term loan of approximately $17.8 million with Wilmington Trust, National Association, as administrative agent and collateral agent, and each of the lenders party thereto at 5.00% for loans bearing interest at the alternate base rate (“ABR”) and 6.00% fo maturing July 23, 2032.","evidence_excerpt":"collateral agent, and each of the lenders party thereto. The Credit Agreement provides for a senior secured term loan facility in an aggregate principal amount of approximately $17.8 million. The proceeds of the term loan facility are intended to support the Cross Trails energy storage project, including payment of operating costs, funding of required reserve","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828536/000182853625000093/0001828536-25-000093-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"approximately $17.8 million"},{"label":"Counterparty","value":"Wilmington Trust, National Association, as administrative agent and collateral agent, and each of the lenders party thereto"},{"label":"Rate","value":"5.00% for loans bearing interest at the alternate base rate (“ABR”) and 6.00% fo"},{"label":"Maturity","value":"July 23, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}