other material
confidence high
sentiment positive
materiality 0.80
EverCommerce closes IPO of 19.1M shares at $17; enters $540M credit facility
EverCommerce Inc.
- IPO of 19,117,648 shares at $17.00 per share, closed July 6, 2021.
- New $540M credit facility: $350M term loans (mature 2028) and $190M revolver (mature 2026).
- Proceeds from IPO and new debt used to repay existing credit agreement.
- Entered into Sponsor and Management Stockholders Agreements with PSG, Silver Lake, and CEO Eric Remer.
- Amended and restated certificate of incorporation and bylaws effective upon IPO closing.