debt
confidence high
sentiment positive
materiality 0.55
Digi International amends credit facility, cuts borrowing margins, raises accordion to $105M
DIGI INTERNATIONAL INC
- Amends credit agreement (Dec 23, 2025): Term SOFR margin range lowered to 1.35%-3.10%; base rate margin range lowered to 0.35%-2.10%.
- Removes 10 bps credit spread adjustment on Term SOFR loans, reducing effective borrowing cost.
- Increases uncommitted accordion feature from $95M to $105M (or 100% of trailing twelve-month EBITDA).
- Adds pricing level V for total net leverage ratio >=3.00x; initial margins: 0.85% base, 1.85% SOFR until Q1 2026 compliance cert.