EverCommerce amends, extends credit facility

EverCommerce (EVCM) repriced and extended the maturities of both the existing Term Loan B and Revolving Credit Facilities. The Company’s $529.4 million term loan facility was refinanced in its entirety with a new class of Term B-2 Loans extending the maturity for 3 additional years, through July 6, 2031. The repricing reduced the interest rate by 25 basis points to SOFR plus 2.25% and was priced at par. Additionally, with respect to $125 million of commitments under the Company’s existing revolver, the maturity date was extended to July 29, 2030, and the interest was reduced by 25 basis points to SOFR plus 2.00%.