Tenable seeks amendment to transition term loan to SOFR

By Sara Rosenberg

New York, May 23 – Tenable Inc. is shopping a negative consent amendment to change its term loan due 2028 to SOFR from Libor and add a credit spread adjustment, according to a market source.

The CSA being offered is ARRC standard of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

JPMorgan Chase Bank is the lead on the deal.

The amendment deadline is May 30, the source added.

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

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