secwatch.observer — SEC 8-K summary
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Issuer:     SolarWinds Corp (—)
CIK:        0001739942
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001739942-24-000005
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739942/000173994224000005/0001739942-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739942/000173994224000005/swi-20240123.htm
  HTML page:      https://secwatch.observer/filing/0001739942-24-000005

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