Haynes Boone guided Eos Energy Enterprises, Inc. (NASDAQ: EOSE), a leader in zinc-based long-duration energy storage systems, in securing a strategic investment of up to $315.5 million from an affiliate of Cerberus Capital Management LP.
The investment structure includes a $210.5 million delayed draw term loan and a $105 million revolver as well as issuances of warrants and preferred stock.
The multidisciplinary Haynes Boone deal team included more than 20 attorneys across a variety of practice groups. Global Projects Co-Chair Gil Porter led the team. The firm’s Capital Markets team provided support from Partners Matt Fry and Bruce Newsome along with Associates Kierra Jones and Tyler Murry and further assistance from Finance Partner Alex Grishman, Counsel Eitan Stavsky and Associate Meica Green.
Haynes Boone's Capital Markets practice has played a leading role in numerous IPOs and other initial public listings, follow-on offerings and PIPE financings in recent years across sectors, including artificial intelligence, energy, financial services, life sciences, mining and technology. The firm provides comprehensive advice to issuers, financial sponsors and underwriters involved in all major U.S. securities exchanges, over-the-counter markets, and many foreign markets, on a full range of securities transactions and reporting matters. Haynes Boone’s Energy Practice Group consistently ranks among the most active legal advisors for U.S. deals in the energy industry. The group represents domestic and foreign public and private companies that conduct operations both internally and across the United States.
The investment structure includes a $210.5 million delayed draw term loan and a $105 million revolver as well as issuances of warrants and preferred stock.
The multidisciplinary Haynes Boone deal team included more than 20 attorneys across a variety of practice groups. Global Projects Co-Chair Gil Porter led the team. The firm’s Capital Markets team provided support from Partners Matt Fry and Bruce Newsome along with Associates Kierra Jones and Tyler Murry and further assistance from Finance Partner Alex Grishman, Counsel Eitan Stavsky and Associate Meica Green.
Haynes Boone's Capital Markets practice has played a leading role in numerous IPOs and other initial public listings, follow-on offerings and PIPE financings in recent years across sectors, including artificial intelligence, energy, financial services, life sciences, mining and technology. The firm provides comprehensive advice to issuers, financial sponsors and underwriters involved in all major U.S. securities exchanges, over-the-counter markets, and many foreign markets, on a full range of securities transactions and reporting matters. Haynes Boone’s Energy Practice Group consistently ranks among the most active legal advisors for U.S. deals in the energy industry. The group represents domestic and foreign public and private companies that conduct operations both internally and across the United States.
