N-Able Boosts Term Loan to $400 Million and Extends Maturities in Amended Credit Agreement

Reuters
11/27
N-Able Boosts Term Loan to $400 Million and Extends Maturities in Amended Credit Agreement

N-able Inc., through its indirect wholly owned subsidiary N-able International Holdings II, LLC, has entered into a Second Amendment to its existing Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders. The amendment increases the aggregate principal amount under the term loan facility from $336 million to $400 million and extends the maturity date of the term loans to November 26, 2032. Additionally, the $60 million revolving credit facility's maturity is extended to November 26, 2030, and the interest rate for borrowings under the revolving facility is reduced. On the effective date of the amendment, $64 million of term loans were funded, resulting in $400 million outstanding. The term loan will bear interest at a floating SOFR-based rate plus a margin initially set at 2.75%, subject to adjustment based on leverage ratios. Quarterly repayments will begin on March 31, 2026, with the remaining principal due at maturity.

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. N-Able 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: 0001834488-25-000178), on November 26, 2025, and is solely responsible for the information contained therein.

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