secwatch.observer — SEC 8-K summary
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Issuer:     ORION ENERGY SYSTEMS, INC. (OESX)
CIK:        0001409375
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000950170-24-047260
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/0000950170-24-047260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024047260/oesx-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-047260

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