secwatch.observer — SEC 8-K summary
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Issuer:     N-able, Inc. (NABL)
CIK:        0001834488
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001834488-23-000099
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

N-able enters credit agreement amendment replacing LIBOR with Term SOFR benchmark
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- Amendment replaces LIBOR with Term SOFR as the interest rate benchmark for outstanding loans.
- Term SOFR adjustment for Term Loans subject to lender objection; Revolving Loan adjustment set at 0.00%.
- Existing Eurodollar Loans continue at LIBOR until their current Interest Period ends, then convert.
- No other material changes to credit agreement terms or borrowing capacity.
- Effective June 26, 2023; JPMorgan Chase serves as administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834488/000183448823000099/0001834488-23-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834488/000183448823000099/nabl-20230626.htm
  HTML page:      https://secwatch.observer/filing/0001834488-23-000099

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