Energy Vault subsidiary secures $25M senior secured facility for battery storage projects

Energy Vault Holdings, Inc.

Development Vault LLC, an indirect Energy Vault subsidiary, amended and restated financing agreement with S2G Builders Special Opportunities Fund I, LP.
Facility: senior secured delayed draw term loan, commitments up to $25,000,000; $18M outstanding as of September 18, 2026.
Interest: 10.0% cash rate + 7.0% deferred rate (paid in kind); matures April 16, 2030.
Proceeds fund battery storage project acquisitions, sponsor equity, transaction costs, and project expenses including site control and contractor fees.
Obligations guaranteed by subsidiary guarantors and secured by first-priority liens on substantially all borrower and guarantor assets.

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.