N-able prices $225M private placement at $10.91/share; preliminary Q2 revenue $85M, up 16% YoY

N-able, Inc.

2021-Q2 EPS reported -$0.02 revenue$168,530,000

Private placement of 20.6M shares at $10.91; led by CPP Investments; closing July 19 before spin-off.
Net proceeds ~$216M passed to SolarWinds for debt paydown or stockholder distribution; N-able retains none.
Preliminary Q2 revenue $84.8M–$85.0M (+16% YoY); SolarWinds total revenue ~$261M (+6%), net loss ~$11M.
Spin-off: SolarWinds distributes 1 N-able share per 2 SWI shares held July 12 record date, expected July 19.

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