$DGII (DIGI INTERNATIONAL) — 8-K: Digi expands revolving credit facility to $350 million, adds accordion up to $480 million

Digi International increased its senior secured revolving credit facility to $350 million, replacing the prior $250 million facility. The new facility matures August 27, 2031, and includes an accordion feature allowing total potential borrowing capacity of up to $480 million. SOFR margins now range from 125 to 262.5 basis points, down from 135 to 310 basis points. The maximum total net leverage ratio covenant increases from 3.0x to 3.50x, with an acquisition holiday provision of 0.50x for four fiscal quarters following a qualifying acquisition.

Digi International increased its senior secured revolving credit facility to $350 million, replacing the prior $250 million facility. The new facility matures August 27, 2031, and includes an accordio