Tenable Holdings secures $400 million senior secured revolving credit facility
Tenable Holdings announced a new senior secured revolving credit facility of $400 million with JPMorgan Chase as administrative agent. The facility, which remains undrawn, will mature on October 13 2026 + 5 years and includes a provision that the loan automatically becomes due 91 days before any other material debt matures. The agreement was advised by JPMorgan Chase and Cooley LLP and replaces the company’s prior term loan and revolving facility.
Why it matters
The undrawn line gives Tenable additional liquidity and flexibility for working‑capital needs or other corporate purposes, and the maturity structure aligns the new debt with the company’s existing obligations. The company’s press release notes the facility enhances its balance‑sheet resilience.
Key facts
- 1The credit agreement provides a revolving loan facility of $400 million. stocktitan.net
- 2The facility is senior secured and initially undrawn. investing.com
- 3The loan will mature on October 13 2031, with an automatic trigger 91 days before the maturity of other material indebtedness. stocktitan.net
- 4JPMorgan Chase Bank, N.A. serves as administrative agent, collateral agent and letter‑of‑credit issuer. stocktitan.net
- 5Cooley LLP acted as legal counsel to Tenable. stocktitan.net
- 6At closing the company had no borrowings and $0.2 million of letters of credit outstanding. tradingview.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.