Loan & DebtJun 17, 2026, 07:36 AM
N-able Secures $75M Delayed Draw Term Loan Facility
AI Summary
N-able International Holdings II, LLC, an indirect wholly owned subsidiary of N-able, Inc., entered into a Third Amendment to its Credit Agreement on June 16, 2026. This amendment establishes a delayed draw term loan facility, allowing the company to incur up to $75.0 million in additional term loans. The proceeds will be used for general corporate purposes, including funding deferred consideration payments for the November 2024 acquisition of Adlumin, Inc., future permitted acquisitions, and share repurchases.
Key Highlights
- N-able secured a delayed draw term loan facility of up to $75.0 million.
- The facility is available for borrowing over a six-month period.
- Proceeds can fund deferred payments for the November 2024 Adlumin acquisition.
- Funds are also designated for future permitted acquisitions and share repurchases.
- Interest rate is SOFR-based plus a margin, initially 2.75%.
- The margin can decrease to 2.50% if the first lien net leverage ratio is 1.65 to 1.00 or lower.
Price Impact
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