8-KItem 1.01 · Material AgreementItem 2.03 · Financial ObligationItem 9.01 · Financial Statements
Insulet Refinances $475 Million Term Loans and Expands Credit Facility
Filed with the SEC on · Summarized by InvestorsBot
Insulet entered into a ninth amendment to its credit agreement with its lenders and Morgan Stanley Senior Funding, as administrative agent, replacing $475 million of existing term loans with new loans at par. The new loans carry interest-rate margins 0.25 percentage points lower than the prior loans, while revolving credit commitments increased by $250 million to $750 million and applicable margins were reduced; the facility was undrawn at closing and is available for working capital and general corporate purposes.