secwatch.observer — SEC 8-K summary
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Issuer:     Tenable Holdings, Inc. (TENB)
CIK:        0001660280
Form:       8-K
Filed at:   2026-10-13T20:38:53+00:00
Accession:  0001660280-26-000046
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Tenable closes $400M senior secured revolving credit facility, refinancing prior Term Loan B and revolver
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- $400.0M senior secured revolving facility closed Oct 13, 2026; replaces prior Term Loan B and a revolver that matured in July.
- Facility initially undrawn, with ~$200,000 letters of credit outstanding; matures Oct 13, 2031, with springing maturity if other debt triggers.
- Covenants: Total Leverage Ratio ≤4.00:1.00 and Interest Coverage ≥3.00:1.00, each tested quarterly; 0.50 leverage step-up for four quarters post Material Acquisition.
- Interest at base rate, term SOFR or alternative currency rate plus margin tied to leverage; commitment fee 0.175%-0.35% on unused availability.
- Proceeds for working capital and general corporate purposes; combined with September convertible note financing, completes refinancing of prior credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660280/000166028026000046/0001660280-26-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660280/000166028026000046/tenb-20261013.htm
  HTML page:      https://secwatch.observer/filing/0001660280-26-000046

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