secwatch / observer
8-K filed March 21, 2025, 7:59 PM ET ticker PODD CIK 0001145197
debt confidence high sentiment neutral materiality 0.70

INSULET CORP (PODD): debt financing — Insulet issues $450M 6.50% senior notes due 2033, repurchases $419M of 0.375% convertible notes due 2026

INSULET CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

INSULET CORP amended revolving credit of $500 million aggregate amount of New Revolving Commitments, undrawn as of Closing Date with Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders at Adjusted Term SOFR plus applicable margin (2.00%-2.50%) or base rate plus applic maturing March 20, 2030.

Instrument
revolving credit
Principal
$500 million aggregate amount of New Revolving Commitments, undrawn as of Closing Date
Counterparty
Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders
Rate
Adjusted Term SOFR plus applicable margin (2.00%-2.50%) or base rate plus applic
Maturity
March 20, 2030
Event
amendment
Exact text from the filing
Revolving Commitments”). After giving effect to such transactions, on the Closing Date, the aggregate amount of New Revolving Commitments under the Amended Credit Agreement is $500 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
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

INSULET CORP incurred senior notes of $450 million aggregate principal amount with Initial purchasers at 6.50% per annum maturing April 1, 2033.

Instrument
senior notes
Principal
$450 million aggregate principal amount
Counterparty
Initial purchasers
Rate
6.50% per annum
Maturity
April 1, 2033
Event
incurrence
Exact text from the filing
On March 20, 2025 (the “Closing Date”), Insulet Corporation (the “Company”) closed its previously announced issuance and sale of $450 million aggregate principal amount of the Company’s 6.50% Senior Notes due 2033 (the “Notes”).
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INSULET CORP filing history →

Source: SEC EDGAR
accession 0001193125-25-059783
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