Insulet replaces USD 475 million term loans with lower-margin facility under amended credit agreement with Morgan Stanley agent
Bitget2026/09/21 21:05- Insulet refinanced its credit agreement via a ninth amendment with lenders led by Morgan Stanley Senior Funding as administrative agent.
- $475 million of existing term loans replaced with new term loans at par, cutting margins by 0.25 percentage point.
- New term-loan pricing set at 0.75% over base rate or 1.75% over term SOFR, with a 0% SOFR floor.
- Revolving credit commitments increased by $250 million to $750 million, undrawn at closing.
- Revolver term SOFR margins reduced to 1.25%-1.75%, with borrowings earmarked for working capital or general corporate purposes.
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