Digi enters $350M term loan B and $35M revolver credit facility with BMO

DIGI INTERNATIONAL INC

Third amended credit agreement with BMO Harris provides $350M term loan B and $35M revolving loan facility.
Term loan bears interest at LIBOR + 5.00% (floor 0.50%); revolver margin ranges from 3.75% to 4.00% over LIBOR.
Proceeds refinance term loans from the November 2021 Ventus acquisition; no additional proceeds received.
Term loan amortizes at 5.00% per annum of original principal, maturing in 7 years; revolver matures in 5 years.
Revolver includes $10M letter of credit and $10M swingline subfacilities; commitment fee 0.375%-0.50%.

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