N-able, Inc. (NABL): debt financing — N-able increases term loan to $400M, extends maturities to 2030/2032

N-able, Inc.

Term loan raised from $336M to $400M; $64M funded on closing date.
Term loan maturity extended to Nov 26, 2032; revolver extended to Nov 26, 2030.
Interest rate on revolver reduced; term loan margin set at 2.75% + SOFR.
Proceeds to fund Adlumin deferred consideration, future acquisitions, share repurchases.
Quarterly amortization of 0.25% of original principal begins March 31, 2026.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

N-able, Inc. amended credit facility of increase the aggregate principal amount under the term loan facility ... from $336 million to $400 million with JPMorgan Chase, Bank, N.A. at Term Loan will bear interest at a floating SOFR-based rate (subject to a "floor" maturing extend the maturity of the Term Loans to November 26, 2032.

Instrument: credit facility
Principal: increase the aggregate principal amount under the term loan facility ... from $336 million to $400 million
Counterparty: JPMorgan Chase, Bank, N.A.
Rate: Term Loan will bear interest at a floating SOFR-based rate (subject to a "floor"
Maturity: extend the maturity of the Term Loans to November 26, 2032
Event: amendment

Exact text from the filing

Amendment No. 2 amended the Credit Agreement to, among other things, (i) increase the aggregate principal amount under the term loan facility (the “Term Loans”) from $336 million to $400 million, (ii) extend the maturity of the Term Loans to November 26, 2032, (iii) extend the maturity of the $60 million revolving credit facility (the “Revolving Facility”) to November 26, 2030 and (iv) reduce the interest rate applicable to all borrowings under the Revolving Facility.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

N-able, Inc. amended Second Amendment to Credit Agreement with JPMorgan Chase, Bank, N.A. valued at increase the aggregate principal amount under the term loan facility from $336 million to $400 milli (effective 2025-11-26).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase, Bank, N.A.
Value: increase the aggregate principal amount under the term loan facility from $336 million to $400 milli
Effective: 2025-11-26

Exact text from the filing

On November 26, 2025 (the “Amendment No. 2 Effective Date”), N-able International Holdings II, LLC (the “Borrower”), an indirect, wholly owned subsidiary of N-able, Inc. (the “Company”), entered into a Second Amendment to Credit Agreement (“Amendment No. 2”) by and among the Borrower, N-able International Holdings I, LLC (“Holdings”), the other guarantors party thereto, the lenders and issuing banks identified therein and JPMorgan Chase, Bank, N.A. as administrative agent, collateral agent and an issuing bank

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N-able, Inc. filing history →

Source: SEC EDGAR

accession 0001834488-25-000178

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