---
schema_version: "secwatch.filing_event.v1"
accession: "0000890564-23-000017"
form_type: "8-K"
ticker: "EFOR"
cik: "0000890564"
company_name: "Everforth Inc"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:43:35.219512+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ASGN upsizes revolver to $500M, issues new $500M Term Loan B due 2030

## Summary
- New $500M revolving credit facility (upsized from $460M) matures 2028; undrawn at closing.
- New $500M Term Loan B matures 2030 at SOFR+225 bps; proceeds retire $491M prior term loan.
- Accordion feature allows upsizing by up to the greater of $400M or 75% of EBITDA plus unlimited at sub-3.50x secured leverage.
- CEO cites oversubscription reflecting strong business; refinancing extends maturities and strengthens liquidity.
- Covenants include secured leverage ratio cap of 3.75x if revolver is drawn.

## SEC filing metadata
- accession: 0000890564-23-000017
- form_type: 8-K
- ticker: EFOR
- cik: 0000890564
- company_name: Everforth Inc
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890564/000089056423000017/0000890564-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890564/000089056423000017/asgn-20230831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000890564-23-000017
- JSON: https://secwatch.observer/filing/0000890564-23-000017.json
- Plain text: https://secwatch.observer/filing/0000890564-23-000017.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/890564/000089056423000017/0000890564-23-000017-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/890564/000089056423000017/0000890564-23-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.