Digi International expands senior secured revolving credit facility to $350 million

PUBT · 1d ago
Digi International expands senior secured revolving credit facility to $350 million
  • Digi International expanded and refinanced its senior secured revolving credit facility to USD 350 million, replacing a USD 250 million facility.
  • Accordion feature increased to the greater of USD 130 million or 100% of trailing 12-month adjusted EBITDA, lifting potential capacity to USD 480 million.
  • Facility maturity extended to Aug. 27, 2031; SOFR margins cut to 125-262.5 basis points, tied to net leverage.
  • Maximum total net leverage covenant raised to 3.50x from 3.0x; 0.50x acquisition holiday available for four fiscal quarters.
  • BMO Bank acts as administrative agent; BMO Capital Markets and Bank of America serve as joint bookrunners.


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 Business Wire (Ref. ID: 20260831552265) on August 31, 2026, and is solely responsible for the information contained therein.