Haynes Boone Guides Eos Energy in up to $315 Million Investment from Cerberus Capital
June, 2024 - Dallas, Texas
Haynes and Boone, LLP guidedEos 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-ChairGil Porterled the team. The firm’sCapital Marketsteam provided support from PartnersMatt FryandBruce Newsomealong with AssociatesKierra JonesandTyler Murryand further assistance fromFinancePartnerAlex Grishman, CounselEitan Stavskyand AssociateMeica 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.
