N-able adds $75 million delayed-draw term loan facility to credit agreement amendment

N-able, Inc.

N-able, Inc.

NABL

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  • N-able’s indirect unit entered a third amendment to its July 2021 credit agreement with JPMorgan Chase as administrative agent.
  • The amendment adds a delayed draw term loan facility of up to $75 million, fungible with the existing term loan.
  • The facility is available for borrowing for six months from June 16, 2026; proceeds may fund deferred acquisition payments or other corporate uses.
  • Delayed draw borrowings carry the existing term loan rate: SOFR-based floating interest with a 0% floor plus a 2.75% margin.
  • The margin can step down to 2.5% if first-lien net leverage is at or below 1.65x.


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