secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2025-12-30T23:59:59+00:00
Accession:  0000854775-25-000029
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digi International amends credit facility, cuts borrowing margins, raises accordion to $105M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000085477525000029/0000854775-25-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000085477525000029/dgii-20251230.htm
  HTML page:      https://secwatch.observer/filing/0000854775-25-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer