Tenable entered into a new credit agreement, which is comprised of a $375.0 million senior secured term loan facility and $50.0 million senior secured revolving credit facility. JPMorgan Chase Bank, Morgan Stanley Senior Funding, Bank of America, and Barclays Bank PLC acted as joint lead arrangers and joint bookrunners for the Credit Facility.

The Term Loan bears interest at a rate of 2.75% per annum over LIBOR, subject to a 0.50% floor, and matures on July 7, 2028. The Revolving Facility bears interest at a rate, depending on first lien net leverage, ranging from 2.00% to 2.50% over LIBOR and matures on July 7, 2026. Tenable expects to use the net proceeds from the Credit Facility for general corporate purposes, which may include, among other things, capital expenditures, permitted acquisitions and other investments.