secwatch.observer — SEC 8-K summary
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Issuer:     N-able, Inc. (NABL)
CIK:        0001834488
Form:       8-K
Filed at:   2021-07-20T23:59:59+00:00
Accession:  0001628280-21-014062
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

N-able completes spin-off from SolarWinds; begins trading as independent public company under NABL
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- Spin-off completed July 19, 2021; N-able shares trade on NYSE under NABL; SolarWinds stockholders received 1 N-able share per 2 SWI shares.
- Entered into $350M term loan and $60M revolver with JPMorgan; proceeds used to repay SolarWinds.
- Private placement of 20.6M shares at $10.91/share raised ~$225M gross; ~$216M net proceeds distributed to SolarWinds along with ~$16.5M from term loan.
- Board reconstituted: Mike Bingle, William Bock (Chairman), Michael Hoffmann, Daryl Lewis, Cam McMartin, Kristin Nimsger, John Pagliuca, Michael Widmann.
- Executive officers: John Pagliuca (CEO), Tim O'Brien (CFO), Mike Adler (CTO/CPO), Peter Anastos (GC), Frank Colletti (Sales), Kathleen Pai (CPO).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834488/000162828021014062/0001628280-21-014062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834488/000162828021014062/n-ableincxclosing8xkx07162.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-014062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer