DIGI INTERNATIONAL INC (DGII): debt financing — Digi acquires Jolt Software for ~$145.5M; updates FY2025 guidance

DIGI INTERNATIONAL INC

Acquired Jolt for ~$145.5M cash, funded from $150M credit facility draw; ~$70M remains available.
Jolt generated >$20M ARR in FY ended Jan 2025, with YoY ARR growth exceeding Digi's IoT Solutions segment.
Transaction expected immediately accretive to adjusted EPS; Digi targets $11M annualized adjusted EBITDA synergies by end of 2026.
Full-year FY2025 guidance: revenue ~1% growth, ARR ~28% growth, adjusted EBITDA +8-9% YoY.
Q4 FY2025 outlook: rev $108.5-112.5M, adj EBITDA $26-27.5M, adj EPS $0.48-0.52.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DIGI INTERNATIONAL INC incurred revolving credit of $150 million with BMO Bank N.A., as administrative and collateral agent at Term Secured Overnight Financing Rate for a one-month interest period plus an ap maturing December 7, 2028.

Instrument: revolving credit
Principal: $150 million
Counterparty: BMO Bank N.A., as administrative and collateral agent
Rate: Term Secured Overnight Financing Rate for a one-month interest period plus an ap
Maturity: December 7, 2028
Event: incurrence

Exact text from the filing

On August 18, 2025, in connection with the entry into the Merger Agreement, Digi borrowed $150 million under its existing senior secured revolving credit agreement, dated as of December 7, 2023 (the "Credit Agreement"), with BMO Bank N.A., as administrative and collateral agent, and the several banks and other financial institutions or entities from time-to-time party thereto as lenders.

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Source: SEC EDGAR

accession 0000854775-25-000022

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