EverCommerce Inc. Amends Credit Agreement, Reduces Revolver Commitments and Extends Maturity Date

Reuters
06-11
<a href="https://laohu8.com/S/EVCM">EverCommerce Inc.</a> Amends Credit Agreement, Reduces Revolver Commitments and Extends Maturity Date

EverCommerce Inc. has announced an amendment to its existing Credit Agreement, originally dated July 6, 2021. The amendment, effective June 10, 2025, involves certain subsidiaries of EverCommerce and the Royal Bank of Canada, among other parties. Key changes include a reduction of commitments under the revolver from $190 million to $155 million. Additionally, for $125 million of these commitments, the maturity date has been extended to January 6, 2028, and the applicable margins for Term SOFR and Alternate Base Rate loans have been lowered to 2.50% and 1.50%, respectively, with potential further reductions based on the company's first lien net leverage ratio. Other terms and conditions remain unchanged, ensuring continuity with the original agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EverCommerce Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001853145-25-000023), on June 10, 2025, and is solely responsible for the information contained therein.

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