secwatch.observer — SEC 8-K summary
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Issuer:     MASIMO CORP (MASI)
CIK:        0000937556
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0000937556-25-000171
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Masimo refinances debt with $250M term loan and $750M revolver maturing 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/937556/000093755625000171/0000937556-25-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/937556/000093755625000171/masi-20251201.htm
  HTML page:      https://secwatch.observer/filing/0000937556-25-000171

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