Eos Energy Amends Credit Agreement to Allow $200 Million Convertible Note Offering and Debt Repurchase

Reuters11-19

Eos Energy Amends Credit Agreement to Allow $200 Million Convertible Note Offering and Debt Repurchase

Eos Energy Enterprises Inc. has announced the execution of a Fifth Amendment to its existing Credit and Guaranty Agreement with Cerberus US Servicing, LLC and other lenders. The amendment allows the company to issue and sell common stock and/or convertible notes, with up to $200 million of net cash proceeds permitted to repurchase its 6.75% Convertible Senior Notes due 2030. The credit agreement originally provided a $210.5 million secured multi-draw term loan and a $105 million revolving credit facility, with the latter available at the lenders' discretion upon full funding of the term loan. The amendment also clarifies that any convertible notes issued in the new offerings will be considered permitted indebtedness under the credit agreement, subject to satisfaction of certain conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eos Energy Enterprises Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-112108), on November 18, 2025, and is solely responsible for the information contained therein.

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