Tenable Holdings, Inc. (TENB) Form 8-K — Oct 13, 2026
$TENBForm 8-KItems 1.01, 2.03, 7.01, 9.01Filed Oct 13, 2026, 4:38 PM ET0001660280-26-000046Original filing
On October 13, 2026, Tenable Holdings entered into a $400.0 million senior secured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, including a $40.0 million letter of credit sublimit. The facility matures on the fifth anniversary of the effective date, with borrowings priced at base rate or SOFR plus a 1.25%-2.25% margin based on Tenable's leverage, and a commitment fee of 0.175%-0.35%. As of the effective date, no revolving loans were outstanding.
Key figures
- Debt Amount
- 400.0 million revolving credit facility (undrawn as of Effective Date, ~$200,000 letters of credit outstanding)
- Interest Rate
- Base rate or term SOFR plus margin of 1.25%-2.25% based on Total Leverage Ratio; commitment fee 0.175%-0.35%
- Maturity Date
- Fifth anniversary of October 13, 2026 (October 13, 2031), subject to springing maturity provisions
- Total leverage covenant
- <= 4.00:1.00
- Letter of credit sublimit
- $40.0 million
- Interest coverage covenant
- >= 3.00:1.00
- Change of control threshold
- 35% of combined voting power
- Springing maturity threshold
- greater of $167.0 million and 50% of Consolidated EBITDA
AI analysis
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