Powerfleet amends $85M credit facility; extends Term A maturity to March 2028

Powerfleet, Inc.

Term A Facility maturity extended by 12 months to March 31, 2028.
Term A interest: fixed rate until March 2027, then SOFR + 4.85% (if no default).
Consolidated net debt/EBITDA covenant: below 3.50 at Dec 2025, stepping to 2.50 thereafter.
EBITDA/finance cost ratio: above 3.00 from Sep 2025 to Sep 2026, above 3.50 thereafter.
Amendments conform to company's other RMB facility dated Sep 2024 (amended May 2025).

item 1.01 item 2.03 item 9.01

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accession 0001493152-25-021073

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