secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-09-22T20:30:48+00:00
Accession:  0001828536-26-000111
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000111/0001828536-26-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000111/nrgv-20260918.htm
  HTML page:      https://secwatch.observer/filing/0001828536-26-000111

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