N-able amends credit agreement to add up to $75.0 million in delayed draw term loans
On June 16, 2026, N-able's subsidiary N-able International Holdings II, LLC signed a third amendment to its credit agreement with JPMorgan Chase, Bank, N.A. as administrative agent. The amendment adds a $75.0 million delayed draw term loan facility that is fungible with the existing term loans, which the company may use for general corporate purposes, including deferred Adlumin acquisition payments, future acquisitions, and share repurchases.
Key points
- Up to $75.0 million of additional term loans may be drawn during a six-month availability period after the amendment took effect
- Borrowings carry the same rate as the existing term loan: a SOFR-based floating rate with a 0.0% floor, plus a margin initially set at 2.75%
- The margin falls to 2.50% if the first lien net leverage ratio is 1.65 to 1.00 or lower
- The full amendment will be filed as an exhibit to the Form 10-Q for the quarter ending June 30, 2026
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 June 17, 2026.
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