secwatch.observer — SEC 8-K summary
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Issuer:     EverCommerce Inc. (EVCM)
CIK:        0001853145
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0001140361-21-037956
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EverCommerce updates on DrChrono acquisition ($182.5M) and plans $200M term loan upsize
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- Agreed to acquire DrChrono for ~$182.5M; funded by $155M revolver availability and cash on hand.
- DrChrono provides EHR, practice management, and RCM for independent physician practices.
- Plans $200M term loan upsize to repay ~$190M revolver after DrChrono close and for corporate purposes.
- Pro forma cash ~$288M and $190M revolver capacity after offering, upsize, and acquisition.
- Transaction expected to close after resolution of legal and regulatory matters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853145/000114036121037956/0001140361-21-037956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853145/000114036121037956/ny20001110x5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-037956

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