secwatch.observer — SEC 8-K summary
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Issuer:     Everi Holdings Inc. (—)
CIK:        0001318568
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001318568-23-000157
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318568/000131856823000157/0001318568-23-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318568/000131856823000157/evri-20230623.htm
  HTML page:      https://secwatch.observer/filing/0001318568-23-000157

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