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.
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