Energy Vault unit amends $25 million delayed-draw term loan facility with S2G Builders fund
NRGV•Facility terms
- Facility size: up to $25 million in aggregate commitments; $18 million was outstanding on Sept. 18, 2026.
- Interest: 10% cash, with a 7% payment-in-kind component.
- Maturity: April 16, 2030.
- Voluntary prepayment: allowed with five business days’ notice, subject to an exit fee.
- Security: first-priority lien on substantially all borrower and guarantor assets, including equity interests.
- Covenants: includes customary project-finance covenants.
Amended financing agreement
Energy Vault unit Development Vault entered an amended and restated financing agreement with S2G Builders Special Opportunities Fund I for a senior secured delayed draw term loan.
