Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SolarWinds Corp amended credit facility of approximately $1.236 billion with Credit Suisse AG, New York Branch, as administrative agent, and the lenders identified therein at decrease the applicable margin for the Borrower’s existing first lien term loans maturing maturity date of February 5, 2027.
- Instrument
- credit facility
- Principal
- approximately $1.236 billion
- Counterparty
- Credit Suisse AG, New York Branch, as administrative agent, and the lenders identified therein
- Rate
- decrease the applicable margin for the Borrower’s existing first lien term loans
- Maturity
- maturity date of February 5, 2027
- Event
- amendment
Exact text from the filing
and (iii) remove the first lien net leverage ratio component of determining the applicable margin. As of the Effective Date, the outstanding term loan amount is approximately $1.236 billion with a maturity date of February 5, 2027. The foregoing description of the Repricing Amendment is qualified in its entirety by reference to the Repricing Amendment, a copy of
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SolarWinds Corp amended Amendment No. 7 to First Lien Credit Agreement with Credit Suisse AG, New York Branch valued at approximately $1.236 billion (effective 2024-01-23).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Credit Suisse AG, New York Branch
- Value
- approximately $1.236 billion
- Effective
- 2024-01-23
Exact text from the filing
On January 23, 2024 (the “ Effective Date ”), SolarWinds Holdings, Inc. (the “ Borrower ”), an indirect, wholly owned subsidiary of SolarWinds Corporation, entered into Amendment No. 7 to First Lien Credit Agreement (the “ Repricing Amendment ”) among the Borrower, SolarWinds Intermediate Holdings I, Inc. (“ Holdings ”), the guarantors identified therein, the lenders identified therein and Credit Suisse AG, New York Branch, as administrative agent
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