---
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"
generated_at: "2026-06-14T02:44:06.981479+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Insulet extends $100M revolver to 2028 and upsizes facility to $300M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-164934
- JSON: https://secwatch.observer/filing/0001193125-23-164934.json
- Plain text: https://secwatch.observer/filing/0001193125-23-164934.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $300 million
  - Counterparty: Morgan Stanley Senior Funding, Inc. (as administrative agent)
  - Rate: adjusted Term SOFR rate plus an applicable margin of 3.25%
  - Maturity: June 9, 2028
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1145197/000119312523164934/0001193125-23-164934-index.htm
- Material Agreements
  INSULET CORP amended Fourth Amendment to Credit Agreement with Morgan Stanley Senior Funding, Inc. valued at $200 million (effective 2023-06-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Morgan Stanley Senior Funding, Inc.
  - Value: $200 million
  - Effective: 2023-06-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1145197/000119312523164934/0001193125-23-164934-index.htm

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