Latham Advises on Form Energy’s Closed US$270 Million Credit Facility

Form Energy, Inc., an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems, has announced the closing of a US$270 million credit facility, comprising a revolving credit facility and a tax credit advance facility that can advance against tax credits generated from production of eligible components under Section 45X Advanced Manufacturing Production Credit.

Latham & Watkins LLP represented the lead arrangers in the financing with a team led by Alfred Xue, partner and Global Vice Chair of Latham’s Banking & Private Credit Practice, and partners Michael Benjamin, Cameron Lyons, and Kelly Egers, with associates Ed Prevost, Julius Ma, and April Yoon. Advice was also provided on tax matters by partner Scott Cockerham, with associate Brian Babb.