Digi expands revolving credit facility to $350M, cuts SOFR margins, extends maturity to 2031

DIGI INTERNATIONAL INC

New $350M senior secured revolving credit facility replaces $250M facility; matures Aug 27, 2031.
Accordion adds greater of $130M or 100% trailing 12-mo adjusted EBITDA; up to $480M total capacity.
SOFR margin range lowered to 125–262.5 bps from 135–310 bps; commitment fee 0.15%–0.275%.
Total net leverage covenant raised from 3.0x to 3.50x; acquisition holiday allows 4.00x for 4 quarters.
Facility includes $10M letter-of-credit and $10M swingline sublimits; proceeds for acquisitions and general purposes.

item 1.01 item 1.02 item 2.03 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.