{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010980","form_type":"8-K","ticker":"AIOT","cik":"0001774170","company_name":"Powerfleet, Inc.","filed_at":"2024-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.481619+00:00","generated_at":"2026-06-04T09:09:29.643216+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PowerFleet subsidiaries refinance with $30M term loans and $20M revolver from Bank Hapoalim","bullets":["Facility A $20M amortizes over 5 years; Facility B $10M due March 18, 2029.","Revolving facilities of $10M each available for one-month periods until March 18, 2025.","Interest rates: Facility A prime+2.2%, B prime+2.3%; Facility C NIS prime+2.5% or SOFR+2.15%.","Proceeds used to prepay prior term loans; remaining may be used for distributions.","Credit facilities secured by first-ranking charges on Pointer shares and assets, cross-guarantees."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010980","json":"https://secwatch.observer/filing/0001493152-24-010980.json","markdown":"https://secwatch.observer/filing/0001493152-24-010980.md","text":"https://secwatch.observer/filing/0001493152-24-010980.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224010980/0001493152-24-010980-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224010980/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:09:29.643216+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1af421c4c0ee50a74462713124c51e54d5cb64e2","claim":"Powerfleet, Inc. amended A&R Credit Agreement with Bank Hapoalim B.M. valued at aggregate principal amount of $30 million (effective 2024-03-18).","evidence_excerpt":"On March 18, 2024, 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 an amended and restated credit agreement (the “A&R Credit Agreement”) with Bank Hapoalim B.M. (“Hapoalim”), which refinances the facilities under, and amends and restates, the existing credit agreement, dated August 19, 2019 (as amended, the “Prior Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224010980/0001493152-24-010980-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank Hapoalim B.M."},{"label":"Value","value":"aggregate principal amount of $30 million"},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}