Eos Energy Secures Access to $40.5 Million From Cerberus Capital Loan Facility

MT Newswires Live

Jan 28, 2025

Eos Energy Enterprises (EOSE) said Monday it accessed the final tranche of a term loan facility after meeting certain milestones.

The company said the $40.5 million under a delayed draw term loan is fully drawn after achieving the third set of performance milestones agreed upon between Eos and an affiliate of Cerberus Capital Management.

"With the term loan fully funded, combined with Department of Energy loan guarantee first disbursement in December, Eos has a strong foundation and sufficient capital to continue implementing Project AMAZE," Eos CFO Nathan Kroeker said in a statement.

As part of the credit agreement, the company issued non-voting series B-4 convertible preferred stock to Cerberus that is convertible into roughly 16.2 million common shares.

Cerberus' term loan facility had total funding of $210.5 million, according to Eos.

Price: 5.94, Change: -0.15, Percent Change: -2.38

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2506358856"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2506358856\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2506358856?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-28 01:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2506358856","market":"sh","top_or_hot":-1,"title":"Eos Energy Secures Access to $40.5 Million From Cerberus Capital Loan Facility","media":"MT Newswires Live","content":"<html><body><p> Eos Energy Enterprises (EOSE) said Monday it accessed the final tranche of a term loan facility after meeting certain milestones.</p><p>The company said the $40.5 million under a delayed draw term loan is fully drawn after achieving the third set of performance milestones agreed upon between Eos and an affiliate of Cerberus Capital Management.</p><p>\"With the term loan fully funded, combined with Department of Energy loan guarantee first disbursement in December, Eos has a strong foundation and sufficient capital to continue implementing Project AMAZE,\" Eos CFO Nathan Kroeker said in a statement.</p><p>As part of the credit agreement, the company issued non-voting series B-4 convertible preferred stock to Cerberus that is convertible into roughly 16.2 million common shares.</p><p>Cerberus' term loan facility had total funding of $210.5 million, according to Eos.</p><p>Price: 5.94, Change: -0.15, Percent Change: -2.38</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eos Energy Secures Access to $40.5 Million From Cerberus Capital Loan Facility</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEos Energy Secures Access to $40.5 Million From Cerberus Capital Loan Facility\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-28 01:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Eos Energy Enterprises (EOSE) said Monday it accessed the final tranche of a term loan facility after meeting certain milestones.</p><p>The company said the $40.5 million under a delayed draw term loan is fully drawn after achieving the third set of performance milestones agreed upon between Eos and an affiliate of Cerberus Capital Management.</p><p>\"With the term loan fully funded, combined with Department of Energy loan guarantee first disbursement in December, Eos has a strong foundation and sufficient capital to continue implementing Project AMAZE,\" Eos CFO Nathan Kroeker said in a statement.</p><p>As part of the credit agreement, the company issued non-voting series B-4 convertible preferred stock to Cerberus that is convertible into roughly 16.2 million common shares.</p><p>Cerberus' term loan facility had total funding of $210.5 million, according to Eos.</p><p>Price: 5.94, Change: -0.15, Percent Change: -2.38</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EOSE","symbol_name":"Eos Energy Enterprises Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2506358856","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506358856","pubTimestamp":1737999923,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Eos Energy Enterprises  said Monday it accessed the final tranche of a term loan facility after meeting certain milestones.The company said the $40.5 million under a delayed draw term loan is fully drawn after achieving the third set of performance milestones agreed upon between Eos and an affiliate of Cerberus Capital Management.\"With the term loan fully funded, combined with Department of Energy loan guarantee first disbursement in December, Eos has a strong foundation and sufficient capital to continue implementing Project AMAZE,\" Eos CFO Nathan Kroeker said in a statement.As part of the credit agreement, the company issued non-voting series B-4 convertible preferred stock to Cerberus that is convertible into roughly 16.2 million common shares.Cerberus' term loan facility had total funding of $210.5 million, according to Eos.Price: 5.94, Change: -0.15, Percent Change: -2.38","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EOSE":"Eos Energy Enterprises Inc.","BK4096":"电气部件与设备"},"translate_title":"Eos Energy从Cerberus Capital贷款机制获得4050万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EOSE":0.9},"content_text":"Eos Energy Enterprises (EOSE) said Monday it accessed the final tranche of a term loan facility after meeting certain milestones.The company said the $40.5 million under a delayed draw term loan is fully drawn after achieving the third set of performance milestones agreed upon between Eos and an affiliate of Cerberus Capital Management.\"With the term loan fully funded, combined with Department of Energy loan guarantee first disbursement in December, Eos has a strong foundation and sufficient capital to continue implementing Project AMAZE,\" Eos CFO Nathan Kroeker said in a statement.As part of the credit agreement, the company issued non-voting series B-4 convertible preferred stock to Cerberus that is convertible into roughly 16.2 million common shares.Cerberus' term loan facility had total funding of $210.5 million, according to Eos.Price: 5.94, Change: -0.15, Percent Change: -2.38","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}