INSULET CORP (PODD): debt financing — Insulet refinances $481.25M term loan at lower rate, redeems 0.375% convertible notes due 2026

INSULET CORP

Refinanced $481.25M term loans with new term loans at 0.50% lower interest rate margin (2.00% for Term SOFR loans).
Reduced interest rate margin on revolving credit facility from 2.00%-2.50% to 1.50%-2.00% for Term SOFR loans.
Notice to redeem all outstanding 0.375% Convertible Senior Notes due 2026 on Aug 20, 2025 at 100% principal plus accrued interest.
Terminated capped call transactions associated with the notes; expects hedge unwind activity including stock sales.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INSULET CORP incurred credit facility of $481,250,000 with Morgan Stanley Senior Funding, Inc. at 1.00%, in the case of base rate loans, and 2.00%, in the case of term SOFR loans.

Instrument: credit facility
Principal: $481,250,000
Counterparty: Morgan Stanley Senior Funding, Inc.
Rate: 1.00%, in the case of base rate loans, and 2.00%, in the case of term SOFR loans
Event: incurrence

Exact text from the filing

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 $481,250,000 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

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Source: SEC EDGAR

accession 0001193125-25-137882

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