ORION ENERGY SYSTEMS, INC. (OESX): debt financing — Orion Energy restructures Voltrek earnout into senior subordinated loan of up to $3M

ORION ENERGY SYSTEMS, INC.

Paid $875k cash to Final Frontier in full settlement of FY2024 earnout; issued $1M in stock for FY2025 earnout.
Remaining earnout amount (up to $3M) deferred via senior subordinated loan due July 2027, 7% interest.
Monthly principal payments: $25k starting Jan 2026, increasing to $50k from Jul 2026.
Security interest granted to Final Frontier on substantially all assets, subordinated to Bank of America senior facilities.
Final Frontier and Kathleen Connors entered support agreement and board observer rights until loan repayment.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ORION ENERGY SYSTEMS, INC. incurred senior notes of up to $3.0 million following the final determination in binding arbitration of the Remaining Earnout Amount with Final Frontier, LLC at at the annual rate of 7% maturing July 15, 2027.

Instrument: senior notes
Principal: up to $3.0 million following the final determination in binding arbitration of the Remaining Earnout Amount
Counterparty: Final Frontier, LLC
Rate: at the annual rate of 7%
Maturity: July 15, 2027
Event: incurrence

Exact text from the filing

and the Company Subsidiaries in favor of Final Frontier and consented to the Remaining Earnout Amount evidenced by the Subordinated Loan Agreement in (a) a maximum amount of up $3.0 million following the final determination in binding arbitration of the Remaining Earnout Amount or (b) such higher amount as consented to in writing by Bank of America promptly

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ORION ENERGY SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-230223

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