Tenable’s $425 Million Credit Agreement

Simpson Thacher advised JPMorgan Chase Bank, N.A., as administrative agent, on the deal.

Tenable executed a $425 million credit agreement, consisting of a $375 million term loan and $50 million revolver for Tenable, Inc. (“Tenable”).

The proceeds of the Credit Facility will be used for working capital and general corporate purposes of Tenable and its subsidiaries.

Tenable, Inc. is the “Cyber Exposure Company.” Over 30,000 organizations around the globe rely on Tenable to understand and reduce cyber risk. Tenable customers include more than 50% of the Fortune 500, more than 30% of the Global 2000, and large government agencies.

The Simpson Thacher team included Patrick Ryan (Picture), Ismael Duran, Christine Marshall and Ashley Gherlone (Banking and Credit); Jonathan Goldstein and Adam Hersch (Tax); Genevieve Dorment, Kate Mirino and Melanie Jolson (Intellectual Property); and Jennifer Neilsson and Alexander Kharash (ECEB).

Involved fees earner: Genevieve Dorment – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Ashley Gherlone – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Adam Hersch – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Alexander Kharash – Simpson Thacher & Bartlett; Christine Marshall – Simpson Thacher & Bartlett; Kate Mirino – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Patrick Ryan – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Tenable Holdings Inc;

Author: Martina Bellini