Digi International Inc. has entered into a First Amendment to its Revolving Credit Agreement with BMO Bank N.A., acting as administrative and collateral agent, and a group of lenders. The amendment, effective December 23, 2025, revises the terms of the original agreement dated December 7, 2023. Key changes include the introduction of a new pricing level for calculating the commitment fee rate and applicable margin based on Digi’s total net leverage ratio, as well as adjustments that generally reduce the applicable margin percentages for certain leverage ratios. The amendment also removes a 10 basis point credit spread adjustment on Term SOFR loans and increases the uncommitted amount available under the facility. For a transition period following the amendment, Digi will benefit from reduced margins on both base rate and Term SOFR loans.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Digi International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000854775-25-000029), on December 30, 2025, and is solely responsible for the information contained therein.
Comments