Tenable readies launch of $350 million term loan B for Thursday

By Sara Rosenberg

New York, June 16 – Tenable Inc. will hold a lender call at 10:30 a.m. ET on Thursday to launch a $350 million term loan B, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Price talk on the term loan is Libor plus 300 basis points to 325 bps with a 0.5% Libor floor and an original issue discount of 99.5, the source said.

The term loan has 101 soft call protection for six months.

Commitments are due at 5 p.m. ET on June 28, the source added.

Proceeds will be used for general corporate purposes.

Tenable is a Columbia, Md.-based cybersecurity company.

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