---
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"
generated_at: "2026-06-03T09:28:52.751408+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Orion Energy adds $5.1M liquidity via mortgage loan and receivables expansion under amended credit facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-047260
- JSON: https://secwatch.observer/filing/0000950170-24-047260.json
- Plain text: https://secwatch.observer/filing/0000950170-24-047260.txt

## Key facts
- Debt Financings
  ORION ENERGY SYSTEMS, INC. amended credit facility with Bank of America, N.A..
  - Instrument: credit facility
  - Counterparty: Bank of America, N.A.
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/0000950170-24-047260-index.htm
- Debt Financings
  ORION ENERGY SYSTEMS, INC. incurred mortgage of $3.525 million with Bank of America, N.A..
  - Instrument: mortgage
  - Principal: $3.525 million
  - Counterparty: Bank of America, N.A.
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/0000950170-24-047260-index.htm
- Material Agreements
  ORION ENERGY SYSTEMS, INC. amended Amendment No. 2 with Bank of America, N.A. valued at $3.525 million (effective 2024-04-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: $3.525 million
  - Effective: 2024-04-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/0000950170-24-047260-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.