Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
Fluence Energy, Inc. incurred revolving credit of $400.0 million with Barclays Bank PLC at Alternate Base Rate plus an additional margin ranging from 2.00% to 2.50% maturing November 22, 2027.
- Instrument
- revolving credit
- Principal
- $400.0 million
- Counterparty
- Barclays Bank PLC
- Rate
- Alternate Base Rate plus an additional margin ranging from 2.00% to 2.50%
- Maturity
- November 22, 2027
- Event
- incurrence
Exact text from the filing
On November 22, 2023, Fluence Energy, Inc. (the "Company") entered into an asset-based syndicated credit agreement with revolving commitments in an aggregate principal amount of $400.0 million (the "ABL Facility")
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Fluence Energy, Inc. terminated Terminated Revolving Credit Agreement with JP Morgan Chase Bank, N.A. (effective 2023-11-22).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- JP Morgan Chase Bank, N.A.
- Effective
- 2023-11-22
Exact text from the filing
On the November 22, 2023, concurrently and in connection with entry into the Credit Agreement, the Company terminated its existing Revolving Credit Agreement, dated November 1, 2021, by and among Fluence Energy, LLC, as the borrower, the Company, as a parent guarantor, the subsidiary guarantors party thereto, the lenders party thereto and JP Morgan Chase Bank, N.A., as administrative agent and collateral agent (as amended, the “Terminated Revolving Credit Agreement"), which provided for b
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Fluence Energy, Inc. entered into Credit Agreement with Barclays Bank PLC valued at $400.0 million (effective 2023-11-22).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC
- Value
- $400.0 million
- Effective
- 2023-11-22
Exact text from the filing
On November 22, 2023, Fluence Energy, Inc. (the "Company") entered into an asset-based syndicated credit agreement with revolving commitments in an aggregate principal amount of $400.0 million (the "ABL Facility") by and among Fluence Energy, LLC, as parent borrower, the Company, as parent, the other borrowers party thereto, the other guarantors party thereto, the lenders party thereto, and Barclays Bank PLC, as administrative agent (the "Credit Agreement").
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