---
schema_version: "secwatch.filing_event.v1"
accession: "0001318568-23-000157"
form_type: "8-K"
ticker: null
cik: "0001318568"
company_name: "Everi Holdings Inc."
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:42:37.444222+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Everi amends credit agreement to replace Eurodollar Rate with Term SOFR effective July 1, 2023

## Summary
- Amendment transitions all loans from Eurodollar Rate to Term SOFR on July 1, 2023 due to LIBOR cessation.
- Existing Eurodollar Rate loans continue at current rate until interest period ends, then convert to SOFR or Base Rate.
- No changes to loan amounts, interest rates, fees, or financial covenants in the credit agreement.
- Amendment executed with Jefferies Finance LLC as administrative agent on June 23, 2023.
- Conforming changes made to credit agreement provisions governing interest rate calculations.

## SEC filing metadata
- accession: 0001318568-23-000157
- form_type: 8-K
- cik: 0001318568
- company_name: Everi Holdings Inc.
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318568/000131856823000157/0001318568-23-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318568/000131856823000157/evri-20230623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001318568-23-000157
- JSON: https://secwatch.observer/filing/0001318568-23-000157.json
- Plain text: https://secwatch.observer/filing/0001318568-23-000157.txt

## Key facts
- Debt Financings
  Everi Holdings Inc. amended credit facility with Jefferies Finance LLC, as administrative agent at Term Secured Overnight Financing Rate (“Term SOFR”).
  - Instrument: credit facility
  - Counterparty: Jefferies Finance LLC, as administrative agent
  - Rate: Term Secured Overnight Financing Rate (“Term SOFR”)
  - Event: amendment
  source text: On June 23, 2023, Everi Holdings Inc. (the “Company” or “Everi”) entered into the first amendment (the “Amendment”) to its existing Credit Agreement, dated August 3, 2021 (the “Original Credit Agreement,” and, as amended, the “Amended Credit Agreement”), among Everi, as borrower, the lenders party thereto and Jefferies Finance LLC, as administrative agent, collateral agent, swing line lender and letter of credit issuer. Under the Amended Credit Agreement, the Term Secured Overnight Financing Rate (“Term SOFR”) will replace the Eurodollar Rate for all purposes under the Original Credit Agreement and under any other Loan Document (as defined therein) on July 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318568/000131856823000157/0001318568-23-000157-index.htm
- Material Agreements
  Everi Holdings Inc. amended First Amendment to Credit Agreement with Jefferies Finance LLC valued at Replaced Eurodollar Rate with Term SOFR (effective 2023-06-23).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Jefferies Finance LLC
  - Value: Replaced Eurodollar Rate with Term SOFR
  - Effective: 2023-06-23
  source text: On June 23, 2023, Everi Holdings Inc. (the "Company" or "Everi") entered into the first amendment (the "Amendment") to its existing Credit Agreement, dated August 3, 2021 (the "Original Credit Agreement," and, as amended, the "Amended Credit Agreement"), among Everi, as borrower, the lenders party thereto and Jefferies Finance LLC, as administrative agent, collateral agent, swing line lender and letter of credit issuer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318568/000131856823000157/0001318568-23-000157-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.