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AI brief of an SEC Form 8-K · Energy Vault Holdings, Inc. (NRGV)

Energy Vault unit signs $137.5 million secured term loan to fund equipment purchases

Neutral Impact 3 of 5 financing Written later

On August 14, 2026, subsidiaries EV Gen Set 1, LLC and EV Gen Set I HoldCo, LLC entered into a senior secured term loan facility of approximately $137.5 million with CSC Delaware Trust Company as agent and a group of lenders. Loans are drawn in installments to pay for power generation equipment and installation services under an Equipment Supply Agreement, and the facility matures on January 2, 2028. For shareholders, this adds $137.5 million of secured debt, with interest rates set to rise after December 31, 2026.

Key points

  • Approximately $137.5 million senior secured term loan dated August 14, 2026, with CSC Delaware Trust Company as administrative and collateral agent
  • Interest of 6.75% on SOFR loans and 5.75% on ABR loans through December 31, 2026, rising to 7.50% and 6.50% thereafter
  • Facility matures January 2, 2028; borrower may prepay on three Business Days' notice, subject to accrued interest, breakage costs and a repayment premium
  • Loans are secured by a first priority interest in substantially all assets of the borrower and Holdings and guaranteed by Holdings; borrower must keep a debt service reserve covering three months of debt service

The filing

CompanyEnergy Vault Holdings, Inc. (NRGV)
Form8-K, current report
Filed with the SECAug 20, 2026, 4:32 PM ET
Accession number0001828536-26-000106

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.