Insulet refinances $485M term loans, extends maturity to 2031, cuts interest margin by 0.50%

INSULET CORP

$485M existing term loans replaced with new term loans maturing Aug 2, 2031 (extended from May 2028).
Interest rate margin reduced to 1.50% (base) / 2.50% (SOFR), 0.50% lower than prior.
Revolving facility margin cut from 2.50%-3.00% to 2.00%-2.50% for SOFR loans; maturity unchanged.
New loans issued at 99.75% of par; proceeds used to repay prior loans and accrued interest.
No net new debt; $485M refinancing extends maturity by ~3.3 years and reduces interest cost.

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