secwatch.observer — SEC 8-K summary
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Issuer:     EverCommerce Inc. (EVCM)
CIK:        0001853145
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001853145-25-000030
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EverCommerce refinances $529.4M term loan, extends maturity to 2031, reduces margin 25 bps
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853145/000185314525000030/0001853145-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853145/000185314525000030/evcm-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001853145-25-000030

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