Energy Vault subsidiary secures $137.5M term loan for power generation equipment

Energy Vault Holdings, Inc.

EV Gen Set 1, LLC, an Energy Vault subsidiary, entered a senior secured term loan facility of ~$137.5M on Aug 14, 2026.
Proceeds fund purchase of power generation equipment and related installation under an equipment supply agreement.
Interest: SOFR loans at 6.75% (through Dec 31, 2026) then 7.50%; ABR loans at 5.75% then 6.50%.
Facility matures Jan 2, 2028; guaranteed by EV Gen Set I HoldCo and secured by substantially all assets.
Mandatory prepayments triggered by insurance proceeds, asset sales, and other customary events.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.