secwatch.observer — SEC 8-K summary
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Issuer:     ORION ENERGY SYSTEMS, INC. (OESX)
CIK:        0001409375
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000950170-24-119241
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Energy extends credit facility maturity to June 2027 with Bank of America
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- Revolving Credit Line and Term Loan maturity extended from Dec 29, 2025 to June 30, 2027.
- Applicable Margin set at Level III + 0.25% until company achieves Fixed Charge Coverage Ratio of 1.0x for two consecutive quarters.
- Availability Block of $1,000,000, reducible to $500,000 and then $0 upon meeting Adjusted Fixed Charge Coverage Ratio thresholds.
- Borrowers paid $30,000 amendment fee and all reasonable documented out-of-pocket expenses of Lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024119241/0000950170-24-119241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024119241/oesx-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119241

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