Insulet Corporation Refinances $481 Million in Term Loans with Amended Credit Agreement, Reduces Interest Rate Margins
Insulet Corporation has announced a significant amendment to its existing credit agreement, effective June 6, 2025. The company has entered into the Eighth Amendment to Credit Agreement with Morgan Stanley Senior Funding, Inc. and other lenders. This amendment replaces $481.25 million of existing term loans with new term loans, offering a reduced interest rate margin by 0.50%. The interest rate for the new term loans is set at 1.00% for base rate loans and 2.00% for term SOFR loans, with a SOFR floor of 0.00%. Additionally, the interest rate margins for revolving facility loans have been reduced, providing Insulet Corporation with more favorable financing terms. The maturity of the revolving credit facility remains unchanged. Wachtell, Lipton, Rosen & Katz served as advisors for Insulet Corporation in these transactions.
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