secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2026-08-31T21:26:26+00:00
Accession:  0001104659-26-103966
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000110465926103966/0001104659-26-103966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000110465926103966/tm2624262d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-103966

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer