secwatch / observer
8-K filed August 31, 2023, 7:59 PM ET ticker EFOR CIK 0000890564
debt confidence high sentiment positive materiality 0.70

Everforth Inc (EFOR): debt financing — ASGN upsizes revolver to $500M, issues new $500M Term Loan B due 2030

Everforth Inc

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Everforth Inc incurred credit facility of $500 million term loan facility, which was fully funded at closing, and a $500 million revolving credit facility with Wells Fargo Bank, National Association, as administrative agent, and the lenders named therein at adjusted Term SOFR plus an applicable margin ranging from 2.00% to 3.00% per ann maturing The revolving credit facility matures on February 14, 2028 and the term loan facility matures on August 31, 2030.

Instrument
credit facility
Principal
$500 million term loan facility, which was fully funded at closing, and a $500 million revolving credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and the lenders named therein
Rate
adjusted Term SOFR plus an applicable margin ranging from 2.00% to 3.00% per ann
Maturity
The revolving credit facility matures on February 14, 2028 and the term loan facility matures on August 31, 2030
Event
incurrence
Exact text from the filing
On August 31, 2023, ASGN Incorporated (the “Company”) entered into a Third Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent, and the lenders named therein, which amended and restated the Company’s existing Second Amended and Restated Credit Agreement, dated as of June 5, 2015 (as amended, modified, supplemented and amended and restated prior to the effectiveness of the Credit Agreement, the “Prior Credit Agreement”). The Credit Agreement provides for a $500 million term loan facility, which was fully funded at closing, and a $500 million revolving credit facility. The revolving credit facility matures on February 14, 2028 and the term loan facility matures on August 31, 2030.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Everforth Inc amended Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders named therein valued at $500 million term loan facility, $500 million revolving credit facility (effective 2023-08-31).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and the lenders named therein
Value
$500 million term loan facility, $500 million revolving credit facility
Effective
2023-08-31
Exact text from the filing
On August 31, 2023, ASGN Incorporated (the “Company”) entered into a Third Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent, and the lenders named therein, which amended and restated the Company’s existing Second Amended and Restated Credit Agreement, dated as of June 5, 2015
View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Everforth Inc filing history →

Source: SEC EDGAR
accession 0000890564-23-000017
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