---
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"
generated_at: "2026-06-04T09:09:29.643216+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PowerFleet subsidiaries refinance with $30M term loans and $20M revolver from Bank Hapoalim

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010980
- JSON: https://secwatch.observer/filing/0001493152-24-010980.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010980.txt

## Key facts
- Material Agreements
  Powerfleet, Inc. amended A&R Credit Agreement with Bank Hapoalim B.M. valued at aggregate principal amount of $30 million (effective 2024-03-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank Hapoalim B.M.
  - Value: aggregate principal amount of $30 million
  - Effective: 2024-03-18
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1774170/000149315224010980/0001493152-24-010980-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.