EverCommerce Amends, Reprices and Extends Credit Facility
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.
EverCommerce (NASDAQ: EVCM), fornitore di soluzioni SaaS per piccole e medie imprese di servizi, ha completato con successo la rifinanziamento e l'estensione delle sue linee di credito. L'azienda ha rifinanziato la sua linea di prestito a termine da 529,4 milioni di dollari con nuovi prestiti Term B-2, prorogando la scadenza al 6 luglio 2031 e riducendo il tasso di interesse di 25 punti base a SOFR più 2,25%.
Inoltre, per le committenze di credito revolving da 125 milioni di dollari, la scadenza è stata estesa al 29 luglio 2030, con un tasso di interesse ridotto di 25 punti base a SOFR più 2,00%. Si prevede che il rifinanziamento ridurrà la spesa annuale per interessi in contanti di circa 1,3 milioni di dollari.
EverCommerce (NASDAQ: EVCM), proveedor de soluciones SaaS para pequeñas y medianas empresas de servicios, ha refinanciado y extendido con éxito sus facilidades de crédito. La compañía refinanció su préstamo a plazo de 529,4 millones de dólares con nuevos préstamos Term B-2, extendiendo el vencimiento hasta el 6 de julio de 2031, mientras reducía la tasa de interés en 25 puntos básicos a SOFR más 2,25%.
Además, para los compromisos de crédito revolvente de 125 millones de dólares, el vencimiento se extendió hasta el 29 de julio de 2030, con una reducción de la tasa de interés de 25 puntos básicos a SOFR más 2,00%. Se espera que la refinanciación reduzca el gasto anual en intereses en efectivo en aproximadamente 1,3 millones de dólares.
EverCommerce (NASDAQ: EVCM)는 서비스 중소기업을 위한 SaaS 솔루션 제공업체로서, 성공적으로 신용 시설을 재융자하고 만기를 연장했습니다. 회사는 5억 2,940만 달러의 기한부 대출을 신규 Term B-2 대출로 재융자하여 만기를 2031년 7월 6일까지 연장하고, 이자율을 SOFR 플러스 2.25%에서 25 베이시스 포인트 인하했습니다.
또한, 1억 2,500만 달러의 회전 신용 한도에 대해서도 만기를 2030년 7월 29일까지 연장하고, 이자율을 SOFR 플러스 2.00%에서 25 베이시스 포인트 인하했습니다. 이번 재융자를 통해 연간 현금 이자 비용이 약 130만 달러 절감될 것으로 예상됩니다.
EverCommerce (NASDAQ: EVCM), fournisseur de solutions SaaS pour les PME de services, a réussi à refinancer et à prolonger ses facilités de crédit. La société a refinancé sa ligne de prêt à terme de 529,4 millions de dollars avec de nouveaux prêts Term B-2, prolongeant l'échéance au 6 juillet 2031 et réduisant le taux d'intérêt de 25 points de base à SOFR plus 2,25%.
De plus, pour les engagements de crédit renouvelable de 125 millions de dollars, l'échéance a été prolongée au 29 juillet 2030, avec un taux d'intérêt réduit de 25 points de base à SOFR plus 2,00%. Le refinancement devrait réduire les charges d'intérêts annuelles en espèces d'environ 1,3 million de dollars.
EverCommerce (NASDAQ: EVCM), ein SaaS-Lösungsanbieter für Dienstleistungs-KMU, hat seine Kreditfazilitäten erfolgreich refinanziert und verlängert. Das Unternehmen refinanzierte seine 529,4 Millionen US-Dollar Term Loan Facility mit neuen Term B-2 Darlehen, verlängerte die Laufzeit bis zum 6. Juli 2031 und senkte den Zinssatz um 25 Basispunkte auf SOFR plus 2,25%.
Zusätzlich wurde für die 125 Millionen US-Dollar revolvierenden Kreditlinien die Laufzeit bis zum 29. Juli 2030 verlängert, wobei der Zinssatz um 25 Basispunkte auf SOFR plus 2,00% reduziert wurde. Die Refinanzierung soll die jährlichen Barzinskosten um etwa 1,3 Millionen US-Dollar senken.
- 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
- 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
“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
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?
How much will EverCommerce save annually from the credit facility refinancing?
What is the new interest rate for EverCommerce's term loan after the July 2025 refinancing?
When do EverCommerce's new credit facility maturities expire?
What is the size of EverCommerce's refinanced credit facilities in 2025?
