EverCommerce Amends, Reprices and Extends Credit Facility

Rhea-AI Summary

EverCommerce (NASDAQ: EVCM), a SaaS solutions provider for service SMBs, has successfully refinanced and extended its credit facilities. The company refinanced its $529.4 million term loan facility with new Term B-2 Loans, extending maturity to July 6, 2031, while reducing the interest rate by 25 basis points to SOFR plus 2.25%.

Additionally, for the $125 million revolving credit commitments, the maturity was extended to July 29, 2030, with interest reduced by 25 basis points to SOFR plus 2.00%. The refinancing is expected to reduce annual cash interest expense by approximately $1.3 million.

Positive

• Interest rate reduction of 25 basis points on both term loan and revolving credit facilities
• Extension of term loan maturity by 3 years to July 2031
• Expected annual cash interest savings of $1.3 million
• Extension of revolving credit facility maturity to July 2030
• Enhanced capital structure flexibility and cash efficiency

Negative

• Maintains substantial debt load of $529.4 million in term loans
• Continues exposure to variable interest rates through SOFR-based pricing

DENVER, July 30, 2025 (GLOBE NEWSWIRE) -- EverCommerce Inc. ("EverCommerce" or the "Company") (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, announced today that it successfully 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%.

“In tandem with continued product and operational improvements related to our transformation and optimization program, we continue to optimize our capital structure to increase cash efficiency and flexibility,” said Ryan Siurek, EverCommerce’s Chief Financial Officer. “Today we were able to both reduce our expected annual cash interest expense by approximately $1.3 million and extend the term of our credit facility.”

Additional details regarding the Amended Credit Agreement are available in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission today.

Investor Contact:
Brad Korch
SVP and Head of Investor Relations
720-796-7664
ir@evercommerce.com

Press Contact:
Jeanne Trogan
VP of Corporate Communications
512-705-1293
press@evercommerce.com

About EverCommerce
EverCommerce (Nasdaq: EVCM) is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 725,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. With its EverPro, EverHealth, and EverWell brands specializing in Home, Health, and Wellness service industries, EverCommerce provides end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications. Learn more at EverCommerce.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation, statements regarding anticipated annual interest cost savings and optimizing our capital structure to increase cash efficiency and flexibility. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, we may need to incur additional indebtedness or seek capital through new equity or debt financings in order to support the growth of our business as well as the other factors described in our Annual Report on Form 10-K for the year ended December 31, 2024 and updated by our other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

FAQ

What changes did EverCommerce (NASDAQ: EVCM) make to its credit facility in July 2025?

EverCommerce refinanced its $529.4 million term loan and $125 million revolving credit facilities, reducing interest rates by 25 basis points and extending maturities to 2031 and 2030 respectively.

How much will EverCommerce save annually from the credit facility refinancing?

The refinancing is expected to reduce EverCommerce's annual cash interest expense by approximately $1.3 million.

What is the new interest rate for EverCommerce's term loan after the July 2025 refinancing?

The new interest rate for the term loan is SOFR plus 2.25%, reduced by 25 basis points from the previous rate.

When do EverCommerce's new credit facility maturities expire?

The term loan facility matures on July 6, 2031, and the revolving credit facility matures on July 29, 2030.

What is the size of EverCommerce's refinanced credit facilities in 2025?

EverCommerce refinanced a $529.4 million term loan facility and extended $125 million in revolving credit commitments.