N-able amends credit agreement, raising term loans to $400 million and extending maturities
N-able's subsidiary signed Amendment No. 2 to its credit agreement on November 26, 2025, increasing the term loan facility from $336 million to $400 million and extending its maturity to November 26, 2032. The revolving facility, now $60 million, was extended to November 26, 2030 and its interest rate was reduced, with no revolver borrowings outstanding. The company said the added debt proceeds are for general corporate purposes, including deferred payments for the Adlumin acquisition and share repurchases.
Key points
- Term loans increased from $336 million to $400 million; $64 million was funded on November 26, 2025
- Term loan maturity extended to November 26, 2032; revolving facility ($60 million) extended to November 26, 2030
- Term loan rate was 6.59% after the amendment; quarterly repayments of 0.25% of principal begin March 31, 2026
- Proceeds may fund deferred Adlumin acquisition payments, future acquisitions, share repurchases and fees
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 26, 2025.
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