Form 8-K · Current report
Insulet Corporation 8-K, filed Sep 21, 2026
- Filed
- CIK
- 0001145197
- Accession no.
- 0001193125-26-396779
Summary
Insulet Corporation entered into the Ninth Amendment to its credit agreement on September 21, 2026, refinancing $475 million of existing term loans with new term loans priced 0.25 percentage points lower and increasing revolving credit commitments by $250 million to $750 million. Morgan Stanley Senior Funding, Inc. acts as administrative agent, and Wachtell, Lipton, Rosen & Katz advised Insulet.
Key points
- The $475 million of outstanding term loans were replaced at par with new term loans carrying a 0.75% margin for base rate loans and 1.75% for term SOFR loans, with a 0.00% SOFR floor.
- Proceeds from the new term loans plus cash on hand refinanced the existing term loans and paid accrued interest.
- Revolving credit commitments rose to $750 million and were undrawn as of the closing date, with term SOFR margins reduced from 1.50%-2.00% to 1.25%-1.75% depending on Insulet's adjusted total leverage ratio.
- Revolving facility proceeds will fund working capital and general corporate purposes.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On September 21, 2026, Insulet Corporation (the “Company”) entered into the Ninth Amendment to Credit Agreement (the “Amendment”) with the lenders and other parties thereto and Morgan Stanley Senior Funding, Inc., as administrative agent (the “Agent”), amending that certain Credit Agreement, dated as of May 4, 2021 (as previously amended, supplemented or modified, the “Credit Agreement”, and as amended by the Amendment, the “Amended Credit Agreement”), by and among the Company, the lenders and other parties thereto and the Agent. …
An excerpt of the text as filed with the SEC, cut for length.
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