---
schema_version: "secwatch.filing_event.v1"
accession: "0001628908-25-000008"
form_type: "8-K"
ticker: "EVH"
cik: "0001628908"
company_name: "Evolent Health, Inc."
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T05:30:57.606935+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Evolent Health borrows $200M in delayed draw term loans for general corporate purposes

## Summary
- On Jan 24, 2025, Borrower gave notice to draw $125M (2024-A) and $75M (2024-B) delayed draw term loans, funding Jan 31.
- Proceeds for general corporate purposes including working capital and potential management of Convertible Notes due Oct 2025.
- Interest rate at SOFR+5.50% or base+4.50%, with step-downs based on secured leverage ratio.
- Term loans mature Dec 6, 2029, or earlier upon certain conditions including 180 days before 2029 Convertible Note maturity.
- Prepayment premiums: 2% in year 1, 1% in year 2, 0% thereafter.

## SEC filing metadata
- accession: 0001628908-25-000008
- form_type: 8-K
- ticker: EVH
- cik: 0001628908
- company_name: Evolent Health, Inc.
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628908/000162890825000008/0001628908-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628908/000162890825000008/evh-20250124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628908-25-000008
- JSON: https://secwatch.observer/filing/0001628908-25-000008.json
- Plain text: https://secwatch.observer/filing/0001628908-25-000008.txt

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