Tenable (NASDAQ: TENB) has entered into a credit agreement providing a $400.0 million senior secured revolving credit facility. Together with the convertible note financing announced in September, the facility completes the refinancing of its prior credit agreement, including the Term Loan B, and replaces the revolving facility that matured in July. The facility is initially undrawn and is intended to give Tenable more flexibility in capital allocation. Revolving loans mature on October 13, 2031, but a springing maturity applies 91 days before the maturity of other material indebtedness, subject to certain exceptions and limitations. JPMorgan Chase Bank, N.A. served as administrative agent, collateral agent and L/C issuer, and Cooley LLP as Tenable's legal counsel.
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