secwatch / observer
8-K filed December 1, 2022, 6:59 PM ET ticker PODD CIK 0001145197
debt confidence high sentiment neutral materiality 0.45

INSULET CORP (PODD): debt financing — Insulet amends credit agreement, boosts revolving commitments by $30M and switches to SOFR

INSULET CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INSULET CORP amended revolving credit of $100 million with Morgan Stanley Senior Funding, Inc..

Instrument
revolving credit
Principal
$100 million
Counterparty
Morgan Stanley Senior Funding, Inc.
Event
amendment
Exact text from the filing
The Third Amendment increased the revolving credit commitments thereunder by $30 million. After giving effect to such increase, on the Closing Date, the aggregate amount of revolving credit commitments under the Credit Agreement was $100 million, which commitments were undrawn as of such date.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INSULET CORP amended Second Amendment to Credit Agreement with Morgan Stanley Senior Funding, Inc. (effective 2022-11-30).

Action
amendment
Agreement
credit facility
Counterparty
Morgan Stanley Senior Funding, Inc.
Effective
2022-11-30
Exact text from the filing
The Second Amendment amended certain definitions and other provisions to replace LIBOR-based benchmark rates applicable to loans outstanding under the Credit Agreement with SOFR-based rates, subject to adjustments as specified in the Second Amendment.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INSULET CORP amended Third Amendment to Credit Agreement with the lenders and the Agent valued at $30 million (effective 2022-11-30).

Action
amendment
Agreement
credit facility
Counterparty
the lenders and the Agent
Value
$30 million
Effective
2022-11-30
Exact text from the filing
(the “ Closing Date ”), Insulet Corporation (the “ Company ”) entered into (a) the Second Amendment to Credit Agreement (the “ Second Amendment ”) between the Company and Morgan Stanley Senior Funding, Inc., as administrative agent (the “ Agent ”) and (b) the Third Amendment to Credit Agreement (the “ Third Amendment ”) among the Company, the lenders and other parties thereto and the Agent, in each case amending that certain Credit Agreement, dated as of May 4, 2021 (as previously amended, supplemented or modified, the “ Credit Agreement ”), by and among the Company, the lenders and other parties thereto and the Agent.
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INSULET CORP filing history →

Source: SEC EDGAR
accession 0001193125-22-295969
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