SolarWinds draws $100 million under revolving loan via Wells Fargo

By Susanna Moon

Chicago, Aug. 7 – SolarWinds, Inc. drew $100 million under a revolving loan on Friday with Wells Fargo Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will be used to finance some of the company’s share repurchase program and for general corporate purposes.

Interest on the loans is Libor plus a spread ranging from 125 basis points to 200 bps, based on leverage.

The revolver is due Oct. 4, 2018.

Based in Austin, Texas, SolarWinds develops and markets enterprise information technology infrastructure management software.

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