---
schema_version: "secwatch.filing_event.v1"
accession: "0000890564-24-000007"
form_type: "8-K"
ticker: "EFOR"
cik: "0000890564"
company_name: "Everforth Inc"
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T21:57:14.947563+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ASGN refinances $498.75M term loan, cuts interest rate 50 bps, saves ~$2.5M annually

## Summary
- New refinancing term loan of $498.75M with floating rate: adjusted Term SOFR + 1.75% or base rate + 1.00%.
- Interest rate reduced by 50 basis points per year from prior facility.
- Expects annual interest savings of approximately $2.5 million excluding fees.
- Quarterly amortization payments of $1.25M required on the new term loan.
- Repricing within 180 days triggers a 1.00% call premium unless for change of control or transformative acquisition.

## SEC filing metadata
- accession: 0000890564-24-000007
- form_type: 8-K
- ticker: EFOR
- cik: 0000890564
- company_name: Everforth Inc
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890564/000089056424000007/0000890564-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890564/000089056424000007/asgn-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000890564-24-000007
- JSON: https://secwatch.observer/filing/0000890564-24-000007.json
- Plain text: https://secwatch.observer/filing/0000890564-24-000007.txt

## Key facts
- Debt Financings
  Everforth Inc amended credit facility of $498,750,000 with Wells Fargo Bank, National Association at adjusted Term SOFR plus an applicable margin of 1.75% per annum.
  - Instrument: credit facility
  - Principal: $498,750,000
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: adjusted Term SOFR plus an applicable margin of 1.75% per annum
  - Event: amendment
  source text: the Amendment refinances the Company’s existing term loans with a refinancing term loan in an initial principal amount of $498,750,000. The refinancing term loan will bear interest at a floating rate, which can be either, at the Company’s option, (a) adjusted Term SOFR plus an applicable margin of 1.75% per annum or (b) an alternate base rate plus an applicable margin of 1.00% per annum.
  evidence_url: https://www.sec.gov/Archives/edgar/data/890564/000089056424000007/0000890564-24-000007-index.htm
- Material Agreements
  Everforth Inc amended First Amendment to Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto valued at $498,750,000 (effective 2024-03-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
  - Value: $498,750,000
  - Effective: 2024-03-13
  source text: On March 13, 2024, ASGN Incorporated (the “Company”) entered into a First Amendment to Third Amended and Restated Credit Agreement (the “Amendment”) with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/890564/000089056424000007/0000890564-24-000007-index.htm

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