debt
confidence high
sentiment neutral
materiality 0.60
EverCommerce refinances $529.4M term loan, extends maturity to 2031, reduces margin 25 bps
EverCommerce Inc.
- Refinanced existing $529.4M term loan with new Term B-2 Loans at par, maturity extended to July 6, 2031.
- Interest rate margins reduced 25 bps: Term B-2 at SOFR+2.25% (0.50% floor); revolver at SOFR+2.00%.
- $125M of revolver commitments extended to July 29, 2030, with reduced ABR margin to 1.00%.
- No change in total debt principal; proceeds used solely to repay existing term loans.
- Other terms and conditions of the credit agreement remain substantially unchanged.
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