Energy Vault Holdings Announced $150M Offering

Energy Vault Holdings announced that it intends to offer $125.0 million aggregate principal amount of convertible senior notes due  in a private placement. Energy Vault also intends to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $25.0 million aggregate principal amount of Notes. 

The Notes are expected to pay interest semiannually and will mature on March 1, 2031, unless earlier converted, redeemed or repurchased in accordance with their terms.