MASIMO CORP (MASI): debt financing — Masimo refinances debt with $250M term loan and $750M revolver maturing 2030

MASIMO CORP

Paid off prior credit facility (April 2022, Citibank admin) on Dec 1, 2025, and terminated commitments.
New unsecured Credit Facility: $250M term loan + $750M revolver; maturity Dec 1, 2030; option to increase by $400M.
Interest: ABR (spread 0%-0.75%) or Term SOFR (spread 1%-1.75%), based on net leverage; no SOFR credit spread adjustment.
Proceeds used to refinance prior debt and pay fees; future revolver draws for corporate, capex, working capital.
Financial covenants: net leverage ratio and interest charge coverage ratio same as prior agreement.

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

MASIMO CORP incurred credit facility of $250.0 million (the "Term Loan") and $750.0 million of ongoing unsecured revolving commitments (the "Revolver") with BANK OF AMERICA, N.A. at Term SOFR, plus a spread of 1.000% to 1.750% maturing December 1, 2030.

Instrument: credit facility
Principal: $250.0 million (the "Term Loan") and $750.0 million of ongoing unsecured revolving commitments (the "Revolver")
Counterparty: BANK OF AMERICA, N.A.
Rate: Term SOFR, plus a spread of 1.000% to 1.750%
Maturity: December 1, 2030
Event: incurrence

Exact text from the filing

terminated in connection with entry into the Credit Facility, as described in Item 1.02 of this Current Report. The Credit Facility provides for an unsecured term loan of $250.0 million (the “Term Loan”) and $750.0 million of ongoing unsecured revolving commitments (the “Revolver”), with an option, subject to certain conditions, for the Company to increase the

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MASIMO CORP entered into Credit Facility valued at $250.0 million (the “Term Loan”) and $750.0 million of ongoing unsecured revolving commitments.

Action: entry
Agreement: credit facility
Value: $250.0 million (the “Term Loan”) and $750.0 million of ongoing unsecured revolving commitments

Exact text from the filing

The Credit Facility provides for an unsecured term loan of $250.0 million (the “Term Loan”) and $750.0 million of ongoing unsecured revolving commitments (the “Revolver”), with an option, subject to certain conditions, for the Company to increase the aggregate borrowing capacity by an additional $400.0 million (plus additional unlimited amounts if certain incurrence tests are met) in the future with the Initial Lenders and additional lenders, as required.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

MASIMO CORP terminated Refinanced Credit Agreement with CITIBANK, N.A..

Action: termination
Agreement: credit facility
Counterparty: CITIBANK, N.A.

Exact text from the filing

CITIBANK, N.A. was the administrative agent and a lender under the Company’s credit facility terminated in connection with entry into the Credit Facility, as described in Item 1.02 of this Current Report.

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102 debt financings filed in the last 30 days. Browse all debt financings →

MASIMO CORP filing history →

Source: SEC EDGAR

accession 0000937556-25-000171

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