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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N-able, Inc. filing history →

Source: SEC EDGAR

accession 0001834488-25-000178

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