---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-147869"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2025-06-26T23:59:59+00:00"
generated_at: "2026-05-18T17:54:04.380269+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-147869
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2025-06-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000119312525147869/0001193125-25-147869-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000119312525147869/d81707d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-147869
- JSON: https://secwatch.observer/filing/0001193125-25-147869.json
- Plain text: https://secwatch.observer/filing/0001193125-25-147869.txt

## Key facts
- Debt Financings
  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
  source text: provides for a revolving credit facility in an aggregate principal amount of $400 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312525147869/0001193125-25-147869-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.