We advised Eos Energy Enterprises on the concurrent offerings

Davis Polk advised Eos Energy Enterprises, Inc. in connection with an SEC-registered direct offering of 35,855,647 shares of its common stock and a Rule 144A offering of an aggregate principal amount of $600 million of its 1.75% convertible senior notes due 2031 (which included $75 million aggregate principal amount of notes purchased pursuant to the full exercise by the initial purchasers of their option to purchase additional notes).

Eos is using the aggregate proceeds from the offerings to repurchase $200 million principal amount of its 6.75% convertible senior notes due 2030 in privately negotiated transactions with a limited number of holders, and for general corporate purposes.

Eos, based in Edison, New Jersey, is an America’s leading innovator in designing, manufacturing and providing zinc-based battery energy storage systems sourced and manufactured in the United States.

The Davis Polk capital markets team included partner Roshni Banker Cariello and associate Steven Glendon. The equity derivatives team included partner Mark J. DiFiore and associates Danielle Forni and Chanique C. Vassell. Partner Lucy W. Farr and associate Georgianna Eck provided tax advice. Partner Pritesh P. Shah and associate Lachlan J. Forrester provided intellectual property advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.

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