Energy Vault Holdings, Inc. — Form 8-K

On September 18, 2026, Development Vault LLC (borrower, newly owned by Energy Vault Inc.) refinanced an existing $25M credit facility originally made to Goshe Energy Storage Holdings LLC on April 16, 2025. The amended and restated financing agreement reflects an internal restructuring: Goshe transferred its subsidiaries to Development Vault, then EVI acquired 100% of Goshe and contributed Vault back to a new parent (Pledgor) owned by EVI. S2G Builders Special Opportunities Fund I LP serves as administrative and collateral agent. Key terms: 10% current interest rate plus 7% deferred interest (paid-in-kind), $1.85M A&R effective date payment covering accrued interest and fees through June 30, 2026, 2.5% unused commitment fee, and escalating exit fees (0.25–1.00 MOIC coefficient depending on exit timing). Loan matures five years from original closing (April 2030, extendable to April 2031). No principal amounts, pricing, or credit availability changes disclosed.