A&O Shearman advises Eagle Point on $137.5M senior secured financing for Energy Vault equipment acquisition

"A&O Shearman advised Eagle Point Credit Management LLC on a USD137.5 million senior secured credit facility to a subsidiary of Energy Vault Holdings, Inc. The financing supports Energy Vault’s acquisition of 275 MW of Rolls‑Royce MTU reciprocating engine capacity for hyperscale AI and data center projects, with deliveries expected from H2 2027 through H1 2028."

A&O Shearman advised Eagle Point Credit Management LLC on a USD137.5 million senior secured credit facility provided to a subsidiary of Energy Vault Holdings, Inc. The financing supports Energy Vault’s acquisition of 275 MW of Rolls‑Royce MTU reciprocating engine generation capacity under a dedicated equipment supply agreement for deployment across its hyperscale AI and data center infrastructure projects. Deliveries are expected from the second half of 2027 through the first half of 2028. Commenting on the transaction, Andrew Lanius, Partner, said the team worked with Eagle Point to structure a financing that converts future power generation capacity into a present financeable asset, addressing constraints in equipment delivery slots and extended grid interconnection timelines. A&O Shearman represented Eagle Point Credit Management LLC with a team composed by: Todd Koretzky, Partner, New York; Andrew Lanius, Partner, Houston; Cheng Aik Chua (John Chua), Counsel, New York; Peter Tolson, Counsel, Los Angeles; Aigul Gaisin, Associate, New York; Angela Zhang, Law Clerk, New York.

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A&O Shearman advises Eagle Point on $137.5M senior secured financing for Energy Vault equipment acquisition

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A&O Shearman advises Eagle Point on $137.5M senior secured financing for Energy Vault equipment acquisition

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