Evercore issues $250M senior notes in two tranches at 5.17% and 5.47%

Evercore Inc.

Issued $125M 5.17% Series K notes due July 24, 2030 and $125M 5.47% Series L notes due July 24, 2032.
Interest payable semi-annually on April 30 and October 30, starting October 30, 2025.
Net proceeds to repay maturing notes under prior agreements and for general corporate purposes.
Covenant includes Maximum Consolidated Leverage Ratio of 2.75:1.0 and Minimum Tangible Net Worth of $325M.
Closing scheduled for July 24, 2025; private placement exempt from SEC registration.

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

Evercore Inc. incurred senior notes of $125,000,000 aggregate principal amount of 5.17% Series K senior notes due 2030 and $125,000,000 of 5.47% Series L senio at 5.17% for Series K Notes and 5.47% for Series L Notes maturing July 24, 2030 for Series K Notes and July 24, 2032 for Series L Notes.

Instrument: senior notes
Principal: $125,000,000 aggregate principal amount of 5.17% Series K senior notes due 2030 and $125,000,000 of 5.47% Series L senio
Rate: 5.17% for Series K Notes and 5.47% for Series L Notes
Maturity: July 24, 2030 for Series K Notes and July 24, 2032 for Series L Notes
Event: incurrence

Exact text from the filing

On July 10, 2025, Evercore Inc. (the “Issuer”) entered into a note purchase agreement (the “Note Purchase Agreement”) among the Issuer and the purchasers party thereto, pursuant to which the Issuer will issue $125,000,000 aggregate principal amount of 5.17% Series K senior notes due 2030 (the “Series K Notes”) and $125,000,000 of 5.47% Series L senior notes due 2032 (the “Series L Notes” and together with the Series K Notes, the “Notes”) on July 24, 2025 in a private placement exempt from registration under the Securities Act.

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Source: SEC EDGAR

accession 0001193125-25-158241

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