EverCommerce Inc. (EVCM): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

EverCommerce Inc. amended credit facility of $529.4 million with Royal Bank of Canada at Term SOFR plus an applicable margin of 2.25% maturing July 6, 2031.

Instrument: credit facility
Principal: $529.4 million
Counterparty: Royal Bank of Canada
Rate: Term SOFR plus an applicable margin of 2.25%
Maturity: July 6, 2031
Event: amendment

Exact text from the filing

The Amendment, among other things, (i) refinances the existing $529.4 million term loan facility in its entirety with a new class of Term B-2 Loans in an aggregate principal amount of $529.4 million, (ii) extends the maturity date of the Term B-2 Loans to July 6, 2031, and (iii) reduces the applicable margin by 25 basis points with respect to all term loans.

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Source: SEC EDGAR

accession 0001853145-25-000030

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