{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-164934","form_type":"8-K","ticker":"PODD","cik":"0001145197","company_name":"INSULET CORP","filed_at":"2023-06-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.064591+00:00","generated_at":"2026-06-14T02:44:06.981479+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Insulet extends $100M revolver to 2028 and upsizes facility to $300M","bullets":["Fourth Amendment extends maturity of existing $100M revolving commitments to June 9, 2028; adds $200M in new commitments for $300M total.","Revolving credit facility was undrawn at closing on June 9, 2023, and is available for working capital and general corporate purposes.","Borrowings bear interest at Term SOFR + 3.25% or base rate + 2.25%, with step-downs based on leverage and credit ratings.","Commitment fee is 0.50% per annum on undrawn amounts; financial covenant requires leverage ratio ≤ 6.50x when usage exceeds 35% of commitments.","Proceeds from the upsized revolver will provide additional liquidity for Insulet's ongoing operations and growth initiatives."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-164934","json":"https://secwatch.observer/filing/0001193125-23-164934.json","markdown":"https://secwatch.observer/filing/0001193125-23-164934.md","text":"https://secwatch.observer/filing/0001193125-23-164934.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1145197/000119312523164934/0001193125-23-164934-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1145197/000119312523164934/d348165d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T02:44:06.981479+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dfcbe6e6794b76fa3bedd672856c4c246a8be49b","claim":"INSULET CORP amended revolving credit of $300 million with Morgan Stanley Senior Funding, Inc. (as administrative agent) at adjusted Term SOFR rate plus an applicable margin of 3.25% maturing June 9, 2028.","evidence_excerpt":"Commitments ”). After giving effect to such extension and increase, on the Closing Date, the aggregate amount of New Revolving Commitments under the Credit Agreement is $300 million (the “ Revolving Credit Facility ”), which commitments were undrawn as of such date. Proceeds of loans borrowed and letters of credit issued under the Revolving Credit Facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1145197/000119312523164934/0001193125-23-164934-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$300 million"},{"label":"Counterparty","value":"Morgan Stanley Senior Funding, Inc. (as administrative agent)"},{"label":"Rate","value":"adjusted Term SOFR rate plus an applicable margin of 3.25%"},{"label":"Maturity","value":"June 9, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"654da3288ada78b615918234c4cbe48c0fc948fa","claim":"INSULET CORP amended Fourth Amendment to Credit Agreement with Morgan Stanley Senior Funding, Inc. valued at $200 million (effective 2023-06-09).","evidence_excerpt":"On June 9, 2023 (the “ Closing Date ”), Insulet Corporation (the “ Company ”) entered into the Fourth Amendment to Credit Agreement (the “ Amendment ”) among the Company, the lenders and other parties thereto and Morgan Stanley Senior Funding, Inc., as administrative agent (the “ Agent ”), swingline lender, and letter of credit issuer, amending that certain Credit Agreement, dated as of May 4, 2021","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1145197/000119312523164934/0001193125-23-164934-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Morgan Stanley Senior Funding, Inc."},{"label":"Value","value":"$200 million"},{"label":"Effective","value":"2023-06-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}