secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-08-20T20:32:06+00:00
Accession:  0001828536-26-000106
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000106/0001828536-26-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000106/nrgv-20260814.htm
  HTML page:      https://secwatch.observer/filing/0001828536-26-000106

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