Everforth Inc (EFOR): debt financing — ASGN closes $100M incremental term loan facility under existing credit agreement

Everforth Inc

Borrowed $100M in Incremental Term A Loans on July 31, 2025; maturity February 14, 2028.
Interest at base rate plus 0.50%-1.50% or SOFR plus 1.50%-2.50% based on secured leverage ratio.
Quarterly amortization: $625K for first four quarters, then $1.25M; secured by substantially all assets.
Proceeds enhance financial flexibility for organic investments, acquisitions, and share repurchases.
Covenant requires consolidated secured leverage ratio not greater than 3.75:1.00.

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 term loan of $100.0 million with Wells Fargo Bank, National Association, as administrative agent at adjusted term SOFR rate (based on one, three or six-month interest periods) plus maturing February 14, 2028.

Instrument: term loan
Principal: $100.0 million
Counterparty: Wells Fargo Bank, National Association, as administrative agent
Rate: adjusted term SOFR rate (based on one, three or six-month interest periods) plus
Maturity: February 14, 2028
Event: incurrence

Exact text from the filing

The Second Amendment amends the Company’s existing Third Amended and Restated Credit Agreement, dated as of August 31, 2023 (as amended, restated, supplemented and otherwise modified to date, the “Existing Credit Agreement”) by providing an incremental term loan facility (the “Incremental Term A Loans”) in an aggregate principal amount of $100.0 million, which was borrowed in full on the Effective Date.

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

Everforth Inc filing history →

Source: SEC EDGAR

accession 0000890564-25-000042

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