Masimo Corp. Enters New Agreements, Terminates Others

TL;DR

Masimo just signed new deals and ditched old ones, creating new financial obligations.

AI Summary

On December 1, 2025, Masimo Corp. entered into a material definitive agreement and simultaneously terminated another. The company also created a direct financial obligation or an off-balance sheet arrangement. Specific details regarding the nature of these agreements and obligations are not provided in this filing summary.

Why It Matters

This filing indicates significant changes in Masimo Corp.'s contractual and financial obligations, which could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — The filing indicates material definitive agreements, terminations, and new financial obligations, suggesting potential shifts in the company's strategic or financial landscape.

Key Players & Entities

• Masimo Corp. (company) — Registrant
• December 1, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value MASI The Nasdaq Stock Market
• $250.0 million — provides for an unsecured term loan of $250.0 million (the "Term Loan") and $750.0 million of
• $750.0 million — of $250.0 million (the "Term Loan") and $750.0 million of ongoing unsecured revolving commitme
• $400.0 million — ate borrowing capacity by an additional $400.0 million (plus additional unlimited amounts if c
• $50.0 million — y also provides for a sublimit of up to $50.0 million for the issuance of letters of credit.

Filing Documents

• masi-20251201.htm (8-K) — 39KB
• masi-20251201_g1.jpg (GRAPHIC) — 199KB
• 0000937556-25-000171.txt ( ) — 613KB
• masi-20251201.xsd (EX-101.SCH) — 2KB
• masi-20251201_def.xml (EX-101.DEF) — 3KB
• masi-20251201_lab.xml (EX-101.LAB) — 24KB
• masi-20251201_pre.xml (EX-101.PRE) — 14KB
• masi-20251201_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. The information contained in Item 2.03 of this Current Report on Form 8-K (the "Current Report") is incorporated by reference into this Item 1.01.

02

Item 1.02. Termination of a Material Definitive Agreement. On December 1, 2025, Masimo Corporation ("Masimo" or the "Company") paid off all obligations owing, and terminated the commitments, under that certain Credit Agreement, dated as of April 11, 2022, by and among the Company, the lenders and issuing banks party thereto and Citibank, N.A., as administrative agent (the "Refinancing" and the credit agreement being refinanced, the "Refinanced Credit Agreement"). Item 2.03. .... Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. On December 1, 2025, i n connection with the Refinancing, the Company entered into a Credit Agreement (the "Credit Facility") with financial institutions party thereto as initial lenders and issuing banks (collectively, the "Initial Lenders"), BANK OF AMERICA, N.A. as Administrative Agent, BOFA SECURITIES, INC., JPMORGAN CHASE BANK, N.A., CITIBANK, N.A., U.S. BANK NATIONAL ASSOCIATION and PNC CAPITAL MARKETS LLC, as joint lead arrangers and joint bookrunners, and BOFA SECURITIES, INC., JPMORGAN CHASE BANK, N.A., CITIBANK, N.A., U.S. BANK NATIONAL ASSOCIATION and PNC BANK, NATIONAL ASSOCIATION, as co-syndication agents and BMO BANK N.A., DNB BANK ASA, NEW YORK BRANCH and KEYBANK, NATIONAL ASSOCIATION as co-documentation agents. CITIBANK, N.A. was the administrative agent and a lender under the Company's credit facility terminated in connection with entry into the Credit Facility, as described in Item 1.02 of this Current Report. The Credit Facility provides for an unsecured term loan of $250.0 million (the "Term Loan") and $750.0 million of ongoing unsecured revolving commitments (the "Revolver"), with an option, subject to certain conditions, for the Company to increase the aggregate borrowing capacity by an additional $400.0 million (plus additional unlimited amounts if certain incurrence tests are met) in the future with the Initial Lenders and additional lenders, as re

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) The following items are filed as exhibits to the Current Report. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Masimo Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MASIMO CORPORATION Date: December 1, 2025 By: /s/ M ICAH Y OUNG Micah Young Executive Vice President & Chief Financial Officer (Principal Financial Officer)

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