Penguin Solutions, Inc. (PENG): debt financing — 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 1.01 item 1.02 item 2.03 item 7.01 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

Penguin Solutions, Inc. incurred revolving credit of $400 million with JPMorgan Chase Bank, N.A., as administrative agent, collateral agent and an issuing bank at Term SOFR rate or a base rate, in each case plus an applicable margin maturing June 24, 2030.

Instrument: revolving credit
Principal: $400 million
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, collateral agent and an issuing bank
Rate: Term SOFR rate or a base rate, in each case plus an applicable margin
Maturity: June 24, 2030
Event: incurrence

Exact text from the filing

provides for a revolving credit facility in an aggregate principal amount of $400 million

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Penguin Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-147869

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