---
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"
generated_at: "2026-06-06T17:40:46.434074+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Insulet refinances $487.5M term loans, reduces interest rate margins by 25 bps

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- 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/1145197/000119312524014842/0001193125-24-014842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145197/000119312524014842/d730170d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-014842
- JSON: https://secwatch.observer/filing/0001193125-24-014842.json
- Plain text: https://secwatch.observer/filing/0001193125-24-014842.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $487,500,000 term loans outstanding replaced with equal amount of new term loans
  - Counterparty: Morgan Stanley Senior Funding, Inc.
  - Rate: interest rate margin reduced from 2.25% to 2.00% for base rate loans and from 3.
  - Maturity: maturity unchanged
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1145197/000119312524014842/0001193125-24-014842-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders and other parties thereto
  - Value: $487,500,000.00
  - Effective: 2024-01-24
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1145197/000119312524014842/0001193125-24-014842-index.htm

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