secwatch.observer — SEC 8-K summary
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Issuer:     SailPoint, Inc. (SAIL)
CIK:        0002030781
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0001213900-25-058442
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030781/000121390025058442/0001213900-25-058442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030781/000121390025058442/ea0247054-8k_sailpoint.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-058442

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer