secwatch.observer — SEC 8-K summary
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Issuer:     EverQuote, Inc. (EVER)
CIK:        0001640428
Form:       8-K
Filed at:   2022-07-19T23:59:59+00:00
Accession:  0001193125-22-197034
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EverQuote ups credit line to $35M and secures $10M term loan through June 2027
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- Revolver increased from $25M to $35M, matures July 15, 2025; interest at greater of 4.25% or prime.
- New term loan of up to $10M drawable by Dec 31, 2023, maturing June 30, 2027; interest at prime +0.25%.
- Covenants: asset coverage ratio ≥1.5x through Dec 2023; thereafter fixed charge coverage ≥1.25x and leverage ≤3.0x.
- Borrowing base: up to 85% of eligible accounts receivable; collateralized by substantially all assets.
- Facility fees of $52,500 (revolver) and $25,000 (term loan) paid at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640428/000119312522197034/0001193125-22-197034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640428/000119312522197034/d338641d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-197034

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