2026.09

This release adds new ways to structure and protect your facilities: a dedicated facility type for multicurrency revolvers, a lock mechanism that keeps posted accounting periods from changing, and a unified action for splitting, merging, and rolling over contracts. It also extends column personalization to more of Tenor's grids and rounds out a handful of smaller improvements.

Here's a summary of what's new:

• Multicurrency Revolvers: Book draws, revaluations, and repayments in more than one currency under a single committed facility.
• Facility editing: Edit every field on a facility with no activity booked yet, through the same wizard you used to create it.
• Facility export and import: Export a complete, re-importable workbook for a facility, including contracts, fees, and a day-by-day Daily View.
• Contract splits, merges, and rollovers: Move principal between contracts with one action, with no draw, paydown, or rate blending.
• Lock accounting periods: Protect posted activity with a lock you place and remove per lender, enforced on the server.
• Grid personalization: Save column views, freeze columns, and drag to reorder them on six more grids across the platform.
• Additional updates: A handful of smaller fixes, plus the ability to link multiple financed deals at once.

Draw and repay revolving facilities in any currency

Tenor now supports Multicurrency Revolvers, a new facility type for credit lines where draws, revaluations, and repayments happen in more than one currency under a single committed facility.

You can book a draw in euros against a USD-denominated commitment, and Tenor converts and books it in the facility's own currency before checking it against every lender's cap. A EUR 22,900,000 draw at 1.15655, for example, books as USD 26,484,995 on the schedule.

What's new

• A dedicated facility type: Create a facility as a Multicurrency Revolver alongside Revolver and Term Loan. Each contract carries its own local currency and FX rate, independent of the facility's base currency, so one facility can draw in USD, then EUR, then GBP across separate contracts.
• Draws convert automatically: Book a draw in the contract's local currency through Record Activity and see the facility-currency equivalent as a preview before you save, so utilization and commitment always stay in the facility's own currency.
• An overfunding hard stop protects every lender: Before a draw saves, Tenor checks the converted amount against each affected lender's committed cap, prorating multi-lender facilities by ownership share, and rejects the draw for every lender if any one of them would be overfunded.
• Revalue and repay without a new workflow: Update a drawn contract's FX rate through the same Adjust Rate and Edit Contract screens you already use, with no cash movement, and repay in local currency the same way you draw.
• Automatic recognition during ingestion: When Tenor's AI processes a credit agreement or term sheet, it recognizes multi-currency language and classifies the facility as a Multicurrency Revolver automatically.

Note: Multicurrency Revolvers don't yet support scenario and what-if modeling or facility-level profit and loss reporting, both tracked as separate projects. There's no currency whitelist on draws today, so any currency carried on the contract is accepted.

Edit any facility field after it's created

You can now edit every field on an existing facility, including dates, amounts, rates, and fees, by reopening the same wizard you use to create one.

If you catch a mistake in a facility's closing date, amount, or fees shortly after setting it up, reopen it in the wizard and fix the field directly.

What's new

• Every field is editable, all at once: The same wizard that walks you through creating a facility now reopens for an existing one, with every field across every step pre-populated from its current values.
• Blank stays blank: Every field is editable no matter the facility's status, and a field left blank saves as blank, preserving what's actually on record.
• Only what changed gets saved: Save persists only the fields and records you actually changed, so contracts, fees, and lender allocations you didn't touch come back exactly as they were.
• Unrestricted editing before activity starts: On a facility with no activity booked yet, every field edits freely with no per-field warnings, and saving a change that affects the schedule shows one confirmation that the schedule will be regenerated.

Open Edit Facility on the facility's Fund view page to get started.

Note: This release covers facilities with no activity booked yet. Facilities that already have activity don't yet show impact warnings or trigger recalculation on edit, both are planned for a later release. Adding or removing lenders and changing participation splits still go through the existing lender allocation flow.

Export a complete, re-importable facility

In July, we added an Export to Excel button that downloads a facility as a workbook. This release completes that export: the file is now fully re-importable, and it includes new Contracts and Fees tabs alongside your Activity View.

Move a facility from one Tenor tenant to another, or share it with a counterparty running their own instance, by exporting it and importing the file directly, with every fee, contract, and lineage intact.

What's new

• Fully re-importable: The exported workbook shares its schema with the import path, so a file downloaded from any facility imports back into Tenor without edits.
• Every part of the facility, not just the schedule: Contracts across every draw lineage and tier, and fees, are now included alongside the facility, fund, and ownership tabs.
• Your Activity View, exactly as configured: The Activity View tab uses the same columns and order you've set up in the app, so the export matches what you actually look at.
• A complete Daily View for the whole loan: A new tab lists every column for every calendar day from closing to maturity, for a full day-by-day record outside Tenor.

Note: Fee data and reusing an existing fund or deal on import are still being finished as of this writing, and a dedicated import type for contract lineage isn't available yet.

Split, merge, and roll over contracts

You can now move principal between contracts on a facility without booking a draw or paydown, using a new Rollover contracts action on the Contracts tab.

If a lender wants to carve part of their exposure into a separate contract, or two related contracts need to become one, you can restructure the principal directly from the Contracts tab, with no draw, paydown, or change to the facility's total principal.

What's new

• One action for split, merge, and rollover: The new Rollover contracts action, on both the Fund Facility and Global Facility Contracts tabs, handles a contract splitting into several, several contracts combining into one, or a straight one-for-one rollover, such as moving from a LIBOR-indexed contract to a Prime-indexed one.
• Partial moves are allowed: Pick an effective date, choose one or more contracts to roll out of, and roll into a brand-new contract or an existing one, as long as the roll-out and roll-in amounts net to zero, you don't have to move a contract's full balance.
• No cash, no re-rating: The move books no draw, paydown, or fee, and doesn't blend rates. A new roll-in contract carries whatever terms you give it, and rolling into an existing contract keeps that contract's terms unchanged.
• Consistent across every lender and every view: Each lender's share of the moved balance stays proportional to their existing participation, and a rollover posted from the Fund Facility view shows up immediately, with matching balances, on Global Facility.

Note: Rollover contracts isn't available for MCA facilities, PIK-leg splitting, or through Excel import or AI document processing, it's a manual action on the Contracts tab for now. Validation that restricts a rollover to contracts already held by every lender on the facility is still being finished.

Personalize columns on every major grid

Schedule and Files already let you save column views, freeze leading columns, and drag columns to reorder them. This release brings that same personalization to six more grids: Contracts, Accounting Feed, Audit Trail, Global Facility Lenders, Fund Deals, and Ownership History, in both Global and Fund/Lender views. If you've already set up a layout you like in Schedule, the same controls work exactly the same way here.

What's new

• Six more grids get the same controls: Contracts, Accounting Feed, Audit Trail, Global Facility Lenders, Fund Deals, and Ownership History now support saved column Views, freezing up to five leading columns, and dragging columns to reorder them.
• Consistent everywhere: Personalization works the same way whether you're on a Global grid or inside a specific fund or lender allocation.
• Accounting Feed exports the full dataset: Export on the Accounting Feed tab now pulls every row for the current scope instead of just the page you're viewing, so long transaction histories no longer need to be exported page by page and stitched together.

Note: The full-dataset export applies to Accounting Feed only. The other five grids in this release get Views, freeze, and reorder, not a change to export.

Lock accounting periods to protect posted activity

To help you protect your system of record, Tenor now lets you lock a loan's accounting periods once activity has posted to your book of record, so nothing in that period can change by accident.

Once you've reconciled a period, place a lock through the As Of Date, and Tenor keeps that period exactly as posted, even if someone tries to edit it directly or indirectly through changes made elsewhere on the loan.

What's new

• Lock by lender, by period: Place a lock on all lenders or a specific selection of them, through an As Of Date that extends back to the loan's closing date. Multiple locks layer without gaps, always covering the closing date through the latest As Of Date.
• Activity and edits are rejected, not just hidden: Once a lender is locked, Tenor rejects new activity against that period for that lender and rejects changes to the loan's attributes or a locked contract's fields. This is enforced on the server, so a locked period stays protected even from an indirect edit, and its numbers won't shift when you make changes elsewhere on the schedule.
• Contracts in a locked period open read-only: A contract whose effective date falls inside a lock opens for viewing only. A contract outside the lock stays fully editable.
• Removing a lock takes a deliberate second step: Unlocking a period that already has posted activity behind it shows a warning before you can proceed, and every lock and unlock is recorded with who acted and when.
• Locked loans and deals can't be set back to Draft: Once any lender on a loan or deal is locked, Draft is no longer an available status for it.

Open Lock Configuration from the lock icon on a loan's Schedule, in either the Fund or Global view, to place or remove a lock and see its full history.

Note: A lock doesn't yet restrict changes to Tenor's global rate indexes (SOFR, Prime, FX rates); that protection isn't built. Also, the per-row activity menu this feature gates is currently only available from the Fund view; Global View shows lock status correctly but doesn't expose per-row activity actions today (a pre-existing gap, unrelated to this release).

Additional updates

This release also includes a handful of smaller fixes and one enhancement to how you link financed deals.

• Open records with one click: Invoice batch review rows now open directly when you click them, no separate View button required.
• Sharper contrast in dark mode: The totals row in Re-Allocate Lenders Ownership, the Imports table's row-expansion arrow, and the Record Activity Type dropdown are all readable in dark mode now.
• 24-hour timestamps in the audit trail: Created On and Last Modified On fields across Files, Facility Details, Deal Details, Ownership History, and Fund Details now show time alongside the date.

Link multiple financed deals at once

Add Financed Deal now supports selecting more than one deal in a single pass. Choose several deals to finance, and Tenor groups the eligible ownerships underneath each one by facility, so you can review and confirm them together instead of repeating the whole flow deal by deal.