Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Powerfleet, Inc. incurred revolving credit of $10 million with Bank Hapoalim B.M. at Secured Overnight Financing Rate plus 2.59% maturing October 30, 2023.
- Instrument
- revolving credit
- Principal
- $10 million
- Counterparty
- Bank Hapoalim B.M.
- Rate
- Secured Overnight Financing Rate plus 2.59%
- Maturity
- October 30, 2023
- Event
- incurrence
Exact text from the filing
The Amendment provides for, among other things, a new revolving credit facility to Pointer in the aggregate principal amount of $10 million (the “New Revolver”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Powerfleet, Inc. amended Credit Agreement with Bank Hapoalim B.M. valued at $10 million (effective 2022-10-31).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank Hapoalim B.M.
- Value
- $10 million
- Effective
- 2022-10-31
Exact text from the filing
On October 31, 2022, Powerfleet Israel Ltd. (“Powerfleet Israel”) and Pointer Telocation Ltd. (“Pointer” and, together with Powerfleet Israel, the “Borrowers”), each a wholly owned subsidiary of PowerFleet, Inc. (the “Company”), entered into a third amendment (the “Amendment”) to the Credit Agreement, dated as of August 19, 2019, by and among the Borrowers and Bank Hapoalim B.M. (“Hapoalim”).
View on SEC.gov