{"schema_version":"secwatch.filing_event.v1","accession":"0000937556-25-000171","form_type":"8-K","ticker":"MASI","cik":"0000937556","company_name":"MASIMO CORP","filed_at":"2025-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.677540+00:00","generated_at":"2026-05-16T16:00:39.301538+00:00","sec_items":["1.01","2.03","1.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Masimo refinances debt with $250M term loan and $750M revolver maturing 2030","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000937556-25-000171","json":"https://secwatch.observer/filing/0000937556-25-000171.json","markdown":"https://secwatch.observer/filing/0000937556-25-000171.md","text":"https://secwatch.observer/filing/0000937556-25-000171.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/937556/000093755625000171/0000937556-25-000171-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/937556/000093755625000171/masi-20251201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T16:00:39.301538+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ab62f8d3ff989d9fb598779f2bef9fca00661ab8","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/937556/000093755625000171/0000937556-25-000171-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$250.0 million (the \"Term Loan\") and $750.0 million of ongoing unsecured revolving commitments (the \"Revolver\")"},{"label":"Counterparty","value":"BANK OF AMERICA, N.A."},{"label":"Rate","value":"Term SOFR, plus a spread of 1.000% to 1.750%"},{"label":"Maturity","value":"December 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b1fbf48ac29082e5827d778f8b3d69f0ff35ddc2","claim":"MASIMO CORP entered into Credit Facility valued at $250.0 million (the “Term Loan”) and $750.0 million of ongoing unsecured revolving commitments.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/937556/000093755625000171/0000937556-25-000171-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Value","value":"$250.0 million (the “Term Loan”) and $750.0 million of ongoing unsecured revolving commitments"}],"fact_type":"material_agreement"},{"claim_id":"c240937999bcb9bd18461b54f75747a68ba8f326","claim":"MASIMO CORP terminated Refinanced Credit Agreement with CITIBANK, N.A..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/937556/000093755625000171/0000937556-25-000171-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"CITIBANK, N.A."}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}