EngageSmart (ESMT) has released an update to notify the public and investors about an entry into a material definitive agreement.
Upon the completion of a merger, the Parent company, supported by the Company as a guarantor, established a Credit Agreement with Golub Capital Markets LLC and other parties, including a term loan of $1,050,000,000 and a revolving loan facility of $100,000,000. The Parent and its subsidiaries guarantee the loans, which are secured by nearly all of their assets. The agreement comprises standard representations, warranties, covenants, and default events typical for such financial arrangements.
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