{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-014842","form_type":"8-K","ticker":"PODD","cik":"0001145197","company_name":"INSULET CORP","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.515861+00:00","generated_at":"2026-06-06T17:40:46.434074+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Insulet refinances $487.5M term loans, reduces interest rate margins by 25 bps","bullets":["Refinanced $487.5M of Existing Term Loans with New Term Loans at lower rates: base rate margin cut from 2.25% to 2.00%, term SOFR margin from 3.25% to 3.00%.","Revolving facility SOFR margin range reduced from 2.75%-3.25% to 2.00%-3.00%, based on leverage ratio; SOFR floor remains 0.00%.","Proceeds from New Term Loans plus cash on hand used to repay all Existing Term Loans and accrued interest; maturity unchanged.","Credit spread adjustment eliminated for both New Term Loans and revolving facility loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-014842","json":"https://secwatch.observer/filing/0001193125-24-014842.json","markdown":"https://secwatch.observer/filing/0001193125-24-014842.md","text":"https://secwatch.observer/filing/0001193125-24-014842.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1145197/000119312524014842/0001193125-24-014842-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1145197/000119312524014842/d730170d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:40:46.434074+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":"b2e1a9f6d510e1baae40cd2442b1c90308f74f9a","claim":"INSULET CORP amended credit facility of $487,500,000 term loans outstanding replaced with equal amount of new term loans with Morgan Stanley Senior Funding, Inc. at interest rate margin reduced from 2.25% to 2.00% for base rate loans and from 3. maturing maturity unchanged.","evidence_excerpt":"and as amended by the Amendment, the “ Amended Credit Agreement ”), by and among the Company, the lenders and other parties thereto and the Agent. Pursuant to the Amendment, the $487,500,000.00 in aggregate principal amount of term loans outstanding under the Credit Agreement (the “ Existing Term Loans ”) were replaced with an equal amount of new term loans (the “ New","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1145197/000119312524014842/0001193125-24-014842-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$487,500,000 term loans outstanding replaced with equal amount of new term loans"},{"label":"Counterparty","value":"Morgan Stanley Senior Funding, Inc."},{"label":"Rate","value":"interest rate margin reduced from 2.25% to 2.00% for base rate loans and from 3."},{"label":"Maturity","value":"maturity unchanged"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"6cc1b5ec5afc21fe51c7a81cbd8dd5eeac7d27b4","claim":"INSULET CORP amended Fifth Amendment to Credit Agreement with Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders and other parties thereto valued at $487,500,000.00 (effective 2024-01-24).","evidence_excerpt":"On January 24, 2024, Insulet Corporation (the \" Company \") entered into the Fifth Amendment to Credit Agreement (the \" Amendment \") with the lenders and other parties thereto and Morgan Stanley Senior Funding, Inc., as administrative agent","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1145197/000119312524014842/0001193125-24-014842-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders and other parties thereto"},{"label":"Value","value":"$487,500,000.00"},{"label":"Effective","value":"2024-01-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}