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A&O Shearman advises Eagle Point Credit Management LLC on innovative power generation infrastructure financing

A&O Shearman advises Eagle Point Credit Management LLC on innovative power generation infrastructure financing
Published Date
Oct 8, 2026
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image of Todd Koretzky
Todd KoretzkyPartner, New York
Image of Andrew Lanius
Andrew LaniusPartner, Houston
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Cheng Aik Chua (John Chua)Counsel, New York
Image of Peter Tolson
Peter TolsonCounsel, Los Angeles
Image of Aigul Gaisin
Aigul GaisinAssociate, New York
Image of Angela Zhang
Angela ZhangLaw Clerk, New York

A&O Shearman advised Eagle Point Credit Management LLC (“Eagle Point”) on a USD137.5 million senior secured credit facility provided to a subsidiary of Energy Vault Holdings, Inc. (“Energy Vault”). The financing supports Energy Vault’s acquisition of 275 MW of Rolls-Royce MTU reciprocating engine generation capacity under a dedicated equipment supply agreement for deployment across its hyperscale AI and data center infrastructure projects, with deliveries expected from the second half of 2027 through the first half of 2028.

“The rapid buildout of hyperscale AI infrastructure has created a defining market constraint: delivery slots for reciprocating and turbine power generation equipment are effectively sold out, and grid interconnection timelines stretch for years. Our team worked closely with Eagle Point to structure a financing that transforms future power generation capacity into a present financeable asset.”

Todd Koretzky, A&O Shearman finance partner, added: “We were proud to partner with Eagle Point and Energy Vault on this transaction to facilitate both access and speed to power at a moment when these factors are determining where and how quickly the next generation of AI infrastructure is built.”

Energy Vault Holdings, Inc. (NYSE: NRGV) is a global energy infrastructure company that develops, finances, builds, owns, and operates integrated power infrastructure for utilities, industrial customers, and the AI and data center market. Through its Powered Land platform, Energy Vault combines onsite generation, battery energy storage, grid access, and intelligent controls to accelerate speed-to-power for hyperscale AI and high-performance computing campuses. The company is currently engaged in multi-gigawatt project discussions for large-scale AI infrastructure development.

Eagle Point® is an investment manager focused on private credit strategies in inefficient markets, including Infrastructure Credit, Portfolio Debt Securities, Regulatory Capital Relief transactions, Strategic Credit investments, Specialty Finance and CLO securities. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point manages USD14 billion on behalf of institutional and retail investors and has over 120 professionals.

The A&O Shearman team was led by New York-based Debt Finance partner Todd Koretzky and Houston-based Energy, Natural Resources and Infrastructure partner Andrew Lanius, with transaction support from counsels John Chua and Peter Tolson and associates Aigul Gaisin and Angela Zhang. 

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