N-able readies launch of $350 million term loan B for Wednesday

By Sara Rosenberg

New York, April 6 – N-able Inc. will hold a lender call at 11:30 a.m. ET on Wednesday to launch a $350 million term loan B, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on April 15, the source said.

Proceeds will be used to repay existing debt and for general corporate purposes in connection with the company’s spinoff from SolarWinds.

N-able is a Wakefield, Mass.-based provider of cloud-based software solutions for managed service providers.

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