Eos Energy Achieves Second Set Of Performance Milestones Related To Cerberus Strategic Investment; Achieving These Performance Milestones Enables The Company To Draw An Additional $65M From The Delayed Draw Term Loan
Portfolio Pulse from Benzinga Newsdesk
Eos Energy Enterprises, Inc. has achieved the second set of performance milestones related to Cerberus Capital Management's strategic investment, allowing it to draw an additional $65 million from a Delayed Draw Term Loan.
October 31, 2024 | 8:12 pm
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Eos Energy Enterprises has successfully met performance milestones tied to Cerberus Capital Management's investment, enabling access to an additional $65 million in funding.
The achievement of performance milestones allows Eos Energy to access $65 million in additional funding, which can be used to further its business operations and growth. This is a positive development for the company, likely to boost investor confidence and potentially lead to a short-term increase in stock price.
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