2026-07-01
Energy Vault Holdings increased a convertible debenture facility from $75 million to $150 million, immediately adding a $38 million tranche with net proceeds of about $34.6 million. The notes pay 7.5% interest, mature July 1, 2027, and convert into common stock at a price equal to 97% of the four-day volume-weighted average price, with a floor of $1.19 per share. Separately, subsidiary Calistoga Resiliency Center prepaid $5 million of its senior notes and received waivers on prepayment costs, and another subsidiary, Cross Trails Energy Storage, obtained a consent and waiver on its credit agreement.
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