---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-058442"
form_type: "8-K"
ticker: "SAIL"
cik: "0002030781"
company_name: "SailPoint, Inc."
filed_at: "2025-06-26T23:59:59+00:00"
generated_at: "2026-05-18T18:35:26.728062+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SailPoint enters $250M revolving credit facility, replaces prior credit agreement

## Summary
- New $250M revolving credit facility, matures five years from June 25, 2025.
- Interest: Term SOFR + 1.50%-2.50% or Base Rate + 0.50%-1.50%, based on First Lien Net Leverage Ratio.
- Requires total net leverage ratio ≤4.00x (can increase to 4.50x for material acquisitions).
- Facility includes $10M letter-of-credit sublimit; lenders include Morgan Stanley, Goldman Sachs, JPMorgan.
- Replaces prior credit agreement dated August 16, 2022, which was terminated on closing.

## SEC filing metadata
- accession: 0001213900-25-058442
- form_type: 8-K
- ticker: SAIL
- cik: 0002030781
- company_name: SailPoint, Inc.
- filed_at: 2025-06-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2030781/000121390025058442/0001213900-25-058442-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2030781/000121390025058442/ea0247054-8k_sailpoint.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-058442
- JSON: https://secwatch.observer/filing/0001213900-25-058442.json
- Plain text: https://secwatch.observer/filing/0001213900-25-058442.txt

## Key facts
- Debt Financings
  SailPoint, Inc. incurred credit facility of up to $250.0 million with Morgan Stanley Senior Funding, Inc. at Base Rate plus a margin ranging from 0.50% to 1.50% or Term SOFR plus a margin r maturing five years from the Closing Date.
  - Instrument: credit facility
  - Principal: up to $250.0 million
  - Counterparty: Morgan Stanley Senior Funding, Inc.
  - Rate: Base Rate plus a margin ranging from 0.50% to 1.50% or Term SOFR plus a margin r
  - Maturity: five years from the Closing Date
  - Event: incurrence
  source text: The New Credit Agreement permits aggregate borrowings by STI and certain of SailPoint's other wholly owned subsidiaries that are Additional Borrowers (as defined therein) of up to $250.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/2030781/000121390025058442/0001213900-25-058442-index.htm

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