{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-047260","form_type":"8-K","ticker":"OESX","cik":"0001409375","company_name":"ORION ENERGY SYSTEMS, INC.","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.293122+00:00","generated_at":"2026-06-03T09:28:52.751408+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Orion Energy adds $5.1M liquidity via mortgage loan and receivables expansion under amended credit facility","bullets":["Added $3.525M mortgage loan secured by headquarters property in Manitowoc, Wisconsin.","Borrowing base broadened to include government receivables, adding ~$1.6M in availability.","Net available liquidity of $15.3M at March 31, 2024 ($10.1M borrowing base + $5.2M cash).","Amendment No. 2 to Loan and Security Agreement executed with Bank of America effective April 22, 2024.","Amendment fee of $8,000 paid; all reasonable out-of-pocket expenses reimbursed."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-047260","json":"https://secwatch.observer/filing/0000950170-24-047260.json","markdown":"https://secwatch.observer/filing/0000950170-24-047260.md","text":"https://secwatch.observer/filing/0000950170-24-047260.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/0000950170-24-047260-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/oesx-20240422.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:28:52.751408+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5dc252ad0d19b1bc3c9b72bd93c7f772e1548c86","claim":"ORION ENERGY SYSTEMS, INC. amended credit facility with Bank of America, N.A..","evidence_excerpt":"Effective April 22, 2024, Orion Energy Systems, Inc. (the “Company”), with Bank of America, N.A. as lender, executed Amendment No. 2 (“Amendment No. 2”) to its Loan and Security Agreement dated December 29, 2020 and amended previously on November 4, 2022 (the “LSA”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/0000950170-24-047260-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"e0ff64777dd48eb2efc2e33d6a33bd5b459cf1f1","claim":"ORION ENERGY SYSTEMS, INC. incurred mortgage of $3.525 million with Bank of America, N.A..","evidence_excerpt":"The primary purpose of Amendment No. 2 was to add a $3.525 million mortgage loan facility to the LSA secured by the Company’s office headquarters property in Manitowoc, Wisconsin.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/0000950170-24-047260-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"$3.525 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1d0c9b3c9247916260eb20ff99c6c0cd6db61dd4","claim":"ORION ENERGY SYSTEMS, INC. amended Amendment No. 2 with Bank of America, N.A. valued at $3.525 million (effective 2024-04-22).","evidence_excerpt":"Effective April 22, 2024, Orion Energy Systems, Inc. (the “Company”), with Bank of America, N.A. as lender, executed Amendment No. 2 (“Amendment No. 2”) to its Loan and Security Agreement dated December 29, 2020 and amended previously on November 4, 2022 (the “LSA”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/0000950170-24-047260-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Value","value":"$3.525 million"},{"label":"Effective","value":"2024-04-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}