Penguin Solutions refinances with $400M revolver; reduces funded debt by $200M, extends maturity to 2030

Penguin Solutions, Inc.

Closed $400M revolving credit facility to replace $300M Term Loan A and $250M Revolver due 2027.
Borrowed $100M under new facility; used $200M cash to repay $300M outstanding, cutting funded debt by $200M.
New facility matures 2030 (extended from 2027); initial interest rate SOFR+1.75%.
JPMorgan led with BofA, Citizens, PNC, Santander as joint lead arrangers.

item 1.01item 1.02item 2.03item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.