Energy Vault secures $25 million delayed draw term loan facility, $18 million drawn
Energy Vault's indirect subsidiary Development Vault, LLC signed an amended and restated financing agreement on September 18, 2026 for a senior secured delayed draw term loan with up to $25 million in commitments. The loans carry a 10.0% cash interest rate plus a 7.0% payment-in-kind deferred rate, and the filing says $18 million is outstanding and the facility matures April 16, 2030, with the loans secured by substantially all of the borrower's assets.
Key points
- Facility commitments of up to $25,000,000, with $18 million outstanding as of the A&R Effective Date
- Interest of 10.0% per annum payable in cash, plus a 7.0% per annum deferred rate payable in kind
- Matures April 16, 2030; proceeds may fund battery energy storage project acquisitions, sponsor equity and project expenses
- Secured by a first priority interest in substantially all assets of the borrower and subsidiary guarantors
The filing
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 September 22, 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.