Business Context and Reporting Period
Company: ORION ENERGY SYSTEMS, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: June 25, 2012
Reporting Period: Event date of June 25, 2012
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or specific debt balances. The filing focuses exclusively on a modification to an existing credit facility.
Material Changes
- Credit Facility Extension: On June 25, 2012, the Company entered into a Second Amendment to its Credit Agreement (originally dated June 30, 2010) with JPMorgan Chase Bank, N.A.
- Maturity Date Change: The maturity date of the revolving credit facility was extended from June 30, 2012, to June 30, 2013.
- Parties Involved: The agreement involves the Company and its wholly-owned subsidiaries: Orion Asset Management, LLC, Clean Energy Solutions, LLC, and Great Lakes Energy Technologies, LLC.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies are detailed in the text of this report, other than the standard reference to the terms of the amended credit agreement.
Investor Verification Checklist
- Verify the full terms of the Second Amendment to the Credit Agreement in Exhibit 10.1.
- Confirm whether the extension of the credit facility included changes to interest rates, covenants, or borrowing limits.
- Review the Company's most recent 10-Q or 10-K for current outstanding debt balances and liquidity positions not detailed in this 8-K.