---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-295969"
form_type: "8-K"
ticker: "PODD"
cik: "0001145197"
company_name: "INSULET CORP"
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T10:38:03.058923+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Insulet amends credit agreement, boosts revolving commitments by $30M and switches to SOFR

## Summary
- Third Amendment increased revolving credit commitments by $30 million to $100 million aggregate; undrawn as of November 30, 2022.
- Second Amendment replaced LIBOR-based benchmark rates with SOFR-based rates under the credit agreement.
- Existing LIBOR loans will automatically convert to Term SOFR loans at end of their interest periods.
- Amendments made to Credit Agreement dated May 4, 2021; no default or material adverse effect occurred.

## SEC filing metadata
- accession: 0001193125-22-295969
- form_type: 8-K
- ticker: PODD
- cik: 0001145197
- company_name: INSULET CORP
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145197/000119312522295969/0001193125-22-295969-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145197/000119312522295969/d420238d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-295969
- JSON: https://secwatch.observer/filing/0001193125-22-295969.json
- Plain text: https://secwatch.observer/filing/0001193125-22-295969.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145197/000119312522295969/0001193125-22-295969-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145197/000119312522295969/0001193125-22-295969-index.htm
- Material Agreements
  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
  source text: (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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145197/000119312522295969/0001193125-22-295969-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.