Orion Energy Systems Enters New Subordinated Loan Agreement and Amends Senior Loan Terms with Bank of America and Final Frontier

Reuters
2025/10/04
Orion Energy Systems Enters New Subordinated Loan Agreement and Amends Senior Loan Terms with Bank of America and Final Frontier

**Orion Energy Systems Enters New Subordinated Loan Agreement, Amends Senior Loan Terms** Orion Energy Systems Inc. announced it has entered into a new senior subordinated loan agreement with Final Frontier, LLC, the former owner of Voltrek, LLC, as part of settling remaining earnout obligations from Orion's 2022 acquisition of Voltrek. Under the agreement, Final Frontier will defer payment of the outstanding earnout, with Orion issuing a subordinated note for up to $3 million-an amount subject to final arbitration. Additionally, Orion and its subsidiaries amended their existing Senior Loan Agreement with Bank of America, allowing the company to make scheduled payments to Final Frontier under the new subordinated loan. The amendment, known as Amendment No. 4, also establishes the terms under which these payments can be made and ensures Bank of America's consent to the arrangement. As part of the transaction, Orion, Final Frontier, and Kathleen Connors-Final Frontier's owner-also entered into a support agreement, with Final Frontier agreeing not to participate in any proxy contests or business combination proposals affecting Orion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orion Energy Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-230223), on October 03, 2025, and is solely responsible for the information contained therein.

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