Haynes and Boone guided Eos Energy Enterprises, a company 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. 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. Gil Porter, global projects co-chair, led the team. The firm’s capital markets team provided support from Matt Fry and Bruce Newsome, partners, along with Kierra Jones and Tyler Murry, associates, and further assistance from Alex Grishman, finance partner, Eitan Stavsky, counsel, and Meica Green, associate.
