Fluence Energy, Inc. announced On April 8, 2024, Fluence Energy, Inc. entered into Amendment No. 1 to that certain Syndicated Facility Agreement, dated November 22, 2023, with revolving commitments in an aggregate principal amount of $400 million (the "ABL Facility") by and among Fluence Energy, LLC, as parent borrower, the Company, as parent, the other borrowers party thereto, the other guarantors party thereto, the lenders party thereto, and Barclays Bank PLC, as administrative agent (the ?Administrative Agent") (such agreement, the "Credit Agreement"). As of each of the date of the Amendment and the date hereof, the Company had zero balance outstanding under the ABL Facility.

The Company estimates that it had total cash, cash equivalents, and restricted cash of approximately $540 million at March 31, 2024. The Amendment provides (i) that during the period from March 29, 2024 through and including May 10, 2024, to the extent that no event of default is outstanding and there is no aggregate revolving credit exposure by the lenders thereunder, then the Administrative Agent may, but shall not be required to, issue an activation instruction with respect to the controlled accounts notwithstanding the existence of a full cash dominion period (as defined in the Credit Agreement) and (ii) that during the period from March 29, 2024 through and including May 10, 2024, to the extent that there is no aggregate revolving credit exposure by the lenders thereunder, then the amount of required excess availability (as defined under the Credit Agreement) shall be zero.