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Get filing alertsTenable enters new $400M senior secured revolving credit facility, refinancing prior debt
Filed October 13, 2026 · Period ending October 13, 2026 · ~1 min read
Key Changes
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Tenable entered into a new $400.0 million senior secured revolving credit facility with JPMorgan as administrative agent, including a $40.0 million letter of credit sublimit.
Item 1.01 verify on EDGAR → -
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The new facility, combined with September's convertible note financing, completes the refinancing of Tenable's prior credit agreement, replacing the Term Loan B facility and the revolving credit facility that matured in July.
Exhibit 99.1 view on EDGAR → -
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The facility matures on October 13, 2031, subject to a springing maturity date of 91 days before other material indebtedness matures if that debt exceeds $167.0 million or 50% of Consolidated EBITDA.
Item 1.01 verify on EDGAR → -
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Tenable must maintain a total leverage ratio of no more than 4.00x and an interest coverage ratio of at least 3.00x, each tested quarterly.
Item 1.01 verify on EDGAR → -
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At closing, Tenable had no outstanding revolving loans and approximately $200,000 of outstanding letters of credit under the new facility.
Item 1.01 verify on EDGAR →
Summary
Tenable Holdings, Inc. entered into a new $400 million senior secured revolving credit facility with JPMorgan as administrative agent. The facility includes a $40 million letter of credit sublimit and matures on October 13, 2031, subject to a springing maturity if other material debt matures earlier.
The company must maintain a total leverage ratio of no more than 4.00x and an interest coverage ratio of at least 3.00x, tested quarterly. At closing, the facility was essentially undrawn, with only about $200,000 of letters of credit outstanding.
The new facility, combined with the convertible note financing completed in September, refinances Tenable's prior credit agreement, replacing the Term Loan B facility and the revolving credit facility that matured in July. This provides Tenable with committed borrowing capacity for working capital and general corporate purposes while extending its debt maturity profile. The refinancing is a routine corporate finance transaction with no immediate red flags.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 also reports this as a direct financial obligation (body incorporates the primary Item by reference).
Added in current filing · verify on EDGAR →
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
The company also filed this under Item 2.03, which means it is reporting the arrangement as a direct financial obligation. The Item 2.03 text refers back to the Item 1.01 entry for the terms rather than restating them.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
The Company is required to pay to the Administrative Agent for the account of each Lender a commitment fee on a quarterly basis in an amount equal to 0.175% to 0.35% (depending on the Company’s Total Leverage Ratio) of unused availability under the revolving facility.
Tenable pays a commitment fee of 0.175% to 0.35% on the unused portion of the facility, with the rate depending on its leverage ratio. This is a standard cost for maintaining undrawn credit capacity.
Added in current filing · verify on EDGAR →
As of the Effective Date, the Company had no outstanding revolving loans and approximately $200,000 of outstanding letters of credit under the Credit Agreement.
At closing, Tenable had not drawn any revolving loans and had only about $200,000 of letters of credit outstanding. The facility is essentially undrawn, providing liquidity headroom without immediate interest expense.
Event · Item 7.01 — Regulation FD Disclosure
Tenable announced it entered into a new Credit Agreement via a press release furnished as Exhibit 99.1.
Added in current filing · verify on EDGAR →
announcing that it entered into the Credit Agreement
The Company disclosed that it entered into a Credit Agreement, with details provided in the press release furnished as Exhibit 99.1. The 8-K itself does not include the terms of the agreement, so no specific financial terms are quoted here.
Event · Exhibit 99.1
Added in current filing · verify on EDGAR →
entered into a credit agreement (the “Credit Agreement”) that provides for a $400.0 million senior secured revolving credit facility (the “Revolving Facility”)
Tenable announced a new $400.0 million senior secured revolving credit facility. The facility is initially undrawn and provides additional capital allocation flexibility.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Revolving loans under the Credit Agreement will mature on the fifth anniversary of the effective date, on October 13, 2031, subject to a springing maturity date of 91 days inside the maturity of other material indebtedness, as well as certain exceptions and limitations.
The revolving loans mature on October 13, 2031, five years from the effective date. A springing maturity date applies if other material indebtedness matures earlier.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 14, 2026 · How we verify