EverCommerce refinances $533.5M term loans, reduces margin by 50 bps

EverCommerce Inc.

Refinanced $533.5M term loan facility with new Term B-1 Loans at par on Dec 13, 2024.
Applicable margin reduced by 50 bps to Term SOFR + 2.50%; credit spread adjustment eliminated.
New Term B-1 Loans bear interest at Term SOFR + 2.50% min 0.50% SOFR or ABR + 1.50%.
KKR Corporate Lending LLC provided additional $6.67M commitment; existing lenders rolled over.
Proceeds used to fully prepay existing term loans and accrued interest.

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