secwatch.observer — SEC 8-K summary
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Issuer:     EverCommerce Inc. (EVCM)
CIK:        0001853145
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001853145-24-000058
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853145/000185314524000058/0001853145-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853145/000185314524000058/evcm-20241213.htm
  HTML page:      https://secwatch.observer/filing/0001853145-24-000058

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