SolarWinds Corporation (SWI) has released an update to notify the public and investors about an entry into a material definitive agreement.
On January 23, 2024, SolarWinds Holdings, Inc., a subsidiary of SolarWinds Corporation, entered into a seventh amendment to its First Lien Credit Agreement. This Repricing Amendment refinanced the company’s first lien term loans, reduced the interest margin from 3.75% to 3.25% for SOFR borrowings, and eliminated the leverage ratio component from the margin determination. Post-amendment, the term loan amount stands at approximately $1.236 billion, due February 5, 2027.
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