Tenable enters $400 million secured revolving credit facility with JPMorgan Chase
On October 13, 2026, Tenable Holdings entered into a $400.0 million senior secured revolving credit agreement with JPMorgan Chase Bank, N.A. as administrative agent. The company had no outstanding revolving loans at signing, and the press release says the facility completes the refinancing of its prior credit agreement along with the convertible note financing announced in September.
Key points
- Facility size is $400.0 million, including a $40.0 million sublimit for letters of credit; about $200,000 of letters of credit were outstanding at signing and no revolving loans were drawn.
- Revolving loans mature on October 13, 2031, subject to a springing maturity tied to other material debt.
- Financial covenants require a Total Leverage Ratio of no more than 4.00:1.00 and an Interest Coverage Ratio of at least 3.00:1.00, tested quarterly.
- Obligations are secured by substantially all company and subsidiary guarantor assets; the company pays a quarterly commitment fee of 0.175% to 0.35% on unused availability.
The filing
Written by AI on Nov 9, 2026, 8:53 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 October 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.