debt
confidence high
sentiment neutral
materiality 0.60
EverCommerce upsizes term loan by $200M to $550M for general corporate purposes
EverCommerce Inc.
- Added $200M incremental term loans to existing $350M facility, now $550M total.
- New loans bear interest at LIBOR + 3.25% (min 0.5%); issued at 99.75% of par.
- Proceeds used for general corporate purposes, including repayment of revolver borrowings.
- KKR Corporate Lending ($190M) and Royal Bank of Canada ($10M) provide the new tranche.