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Asana secures $150 million revolving credit facility with Wells Fargo, MUFG

By Public Technologies
  • Asana entered a $150 million senior secured revolving credit facility with lenders including Wells Fargo and MUFG on November 9, 2026.
  • The facility matures November 9, 2031; no funds were drawn at closing.
  • Borrowings may fund working capital and general corporate purposes; sublimits cover $30 million in standby letters of credit and $15 million in swingline loans.
  • Term SOFR borrowings initially carry a 2% margin; subsequent margins range from 2% to 2.5%, depending on consolidated total net leverage.
  • Substantially all assets secure obligations; quarterly covenants cap net leverage at 3.25 times and require interest coverage of at least 3 times.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Asana Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-072757), on November 10, 2026, and is solely responsible for the information contained therein.

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