Fluence amends $400M ABL facility; zero drawn, cash ~$540M at Mar 31

Fluence Energy, Inc.

Amendment to November 2023 Syndicated Facility Agreement; aggregate commitments remain $400M.
Zero balance outstanding under ABL facility as of April 8, 2024.
Estimated cash, cash equivalents, and restricted cash of ~$540M at March 31, 2024.
From Mar 29 to May 10, 2024, cash dominion activation may be withheld and excess availability requirement set to zero, provided no default and no borrowings.
Temporary relief provides liquidity flexibility during quarterly close period.

item 1.01 item 2.02 item 2.03

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fluence Energy, Inc. amended Amendment No. 1 with Barclays Bank PLC valued at $400 million (effective 2024-04-08).

Action: amendment
Agreement: credit facility
Counterparty: Barclays Bank PLC
Value: $400 million
Effective: 2024-04-08

Exact text from the filing

On April 8, 2024, Fluence Energy, Inc. (the "Company") entered into Amendment No. 1 (the "Amendment") to that certain Syndicated Facility Agreement, dated November 22, 2023, with revolving commitments in an aggregate principal amount of $400 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

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Source: SEC EDGAR

accession 0001868941-24-000033

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