Digi International amends credit agreement, lowering loan margins and raising accordion
Digi International amended its revolving credit agreement with BMO Bank on December 23, 2025, adding a higher pricing tier and generally lowering the margins on borrowings at lower leverage levels. The filing also raises the uncommitted accordion feature for additional borrowing capacity and removes a 10 basis point credit spread adjustment on Term SOFR loans, which changes the company's financing terms but reports no new borrowing or financial results.
Key points
- Amendment dated December 23, 2025 with BMO Bank N.A. as administrative and collateral agent
- Term SOFR margins now range from 1.35% to 3.10%, versus 1.75% to 2.75% under the original agreement
- Margin for borrowings until five business days after the Q4 2025 compliance certificate set at 0.85% for base rate loans and 1.85% for Term SOFR loans
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.