---
schema_version: "secwatch.filing_event.v1"
accession: "0001739942-24-000005"
form_type: "8-K"
ticker: null
cik: "0001739942"
company_name: "SolarWinds Corp"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:20:20.374080+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SolarWinds reprices $1.236B term loans, margin cut by 50 bps to 3.25% + SOFR

## Summary
- Amendment No. 7 reduces applicable margin on first lien term loans from 3.75% to 3.25% for SOFR borrowings.
- Outstanding term loan amount of approx. $1.236B with maturity date of February 5, 2027.
- Margin previously tied to first lien net leverage ratio; that component removed under repricing.
- Borrower is indirect wholly owned subsidiary SolarWinds Holdings, Inc.; Credit Suisse AG as administrative agent.

## SEC filing metadata
- accession: 0001739942-24-000005
- form_type: 8-K
- cik: 0001739942
- company_name: SolarWinds Corp
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739942/000173994224000005/0001739942-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739942/000173994224000005/swi-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001739942-24-000005
- JSON: https://secwatch.observer/filing/0001739942-24-000005.json
- Plain text: https://secwatch.observer/filing/0001739942-24-000005.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1739942/000173994224000005/0001739942-24-000005-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1739942/000173994224000005/0001739942-24-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.