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Everforth (NYSE: EFOR) extends $600M credit facility maturity to 2031

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(High)
Filing Sentiment
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Form Type
8-K

Rhea-AI Filing Summary

Everforth, Inc. entered into a Third Amendment to its credit agreement, refinancing and upsizing its revolving credit facility from $500 million to $600 million. The amendment extends the facility’s maturity from February 14, 2028 to July 7, 2031, subject to earlier maturity if certain 2028 senior unsecured notes or term B loans remain outstanding above specified levels.

Borrowings under the amended facility are priced at Term SOFR plus 1.75–2.75% or a base rate plus 0.75–1.75%, depending on secured leverage. The consolidated secured leverage ratio covenant will step down to 3.50x starting with the quarter ending June 30, 2027 and to 3.25x starting with the quarter ending June 30, 2028. Proceeds from the revolver were used in part to repay the company’s term A loans in full, while existing security and guarantee arrangements remain in place.

The company also announced its second quarter 2026 earnings conference call on July 29, 2026 at 4:30 p.m. ET, with details for phone and webcast access provided.

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Insights

Everforth extends liquidity with a larger, longer revolver on leverage-linked pricing.

Everforth has refinanced and upsized its revolving credit facility to $600 million, extending maturity to 2031. Pricing now floats at Term SOFR plus 1.75–2.75% or a base rate spread, tied to secured leverage levels.

The company used the facility to repay its $100 million Term Loan A, keeping the transaction leverage neutral per the release. Covenants tighten modestly, with the consolidated secured leverage ratio stepping down to 3.50x in Q2 2027 and 3.25x in Q2 2028, which may encourage gradual deleveraging.

Overall, the amendment preserves collateral and guarantees while pushing out debt maturities. Actual impact will depend on future borrowing levels and the company’s ability to operate within the lower leverage covenant thresholds disclosed.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revolving credit facility size $600 million Upsized from $500 million under Third Amendment
Prior revolver size $500 million Existing Revolving Credit Facility replaced by new $600 million facility
New maturity date July 7, 2031 Extended from February 14, 2028, subject to earlier triggers
SOFR-based margin 1.75%–2.75% Term SOFR plus margin based on secured leverage
Base-rate margin 0.75%–1.75% Alternative pricing option over base rate
Leverage covenant step-down 2027 3.50 to 1.00 Consolidated secured leverage ratio from quarter ending June 30, 2027
Leverage covenant step-down 2028 3.25 to 1.00 Consolidated secured leverage ratio from quarter ending June 30, 2028
Term Loan A refinanced $100 million Existing Term Loan A repaid in full using new facility
revolving credit facility financial
"increasing the aggregate commitments under the revolving credit facility from $500.0 million to $600.0 million"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
Term SOFR financial
"amending the interest rate for the revolving credit facility to range from, at the Company’s option, Term SOFR plus an applicable margin"
Term SOFR is a benchmark interest rate that reflects the cost of borrowing money over a specific period, based on actual transactions in the financial markets. It is used by lenders and borrowers to set the interest rates on loans and financial contracts, helping to ensure rates are fair and transparent. For investors, understanding term SOFR helps gauge borrowing costs and the overall direction of interest rates in the economy.
consolidated secured leverage ratio financial
"amending the consolidated secured leverage ratio financial covenant to step down from 3.75 to 1.00 to 3.50 to 1.00"
A consolidated secured leverage ratio is a credit covenant that compares a company’s secured debt to its earnings, usually measured as total secured borrowings divided by consolidated adjusted EBITDA. It shows how much of the company’s cash-generating power is committed to repay loans backed by specific assets — like comparing the portion of household income pledged to mortgages. Investors use it to gauge balance-sheet risk and how close a borrower is to breaching loan terms that could restrict operations.
Term Loan A financial
"used to refinance the existing $500 million Revolving Credit Facility and $100 million Term Loan A"
Term Loan A is a portion of a company’s syndicated bank loan that is paid down with regular principal installments over a set period, usually carries lower interest and a shorter maturity than other loan tranches. It matters to investors because its scheduled repayments and interest cost affect a company’s cash flow and borrowing needs; heavy near‑term payments can reduce cash available for dividends, investment or increase refinancing risk, much like a mortgage with larger monthly payments limits household flexibility.
forward-looking statements regulatory
"Certain statements made in this news release are “forward-looking statements” within the meaning of Section 21E"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
material definitive agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
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FAQ

What change did Everforth (EFOR) make to its revolving credit facility?
Everforth refinanced and upsized its revolving credit facility from $500 million to $600 million. The new agreement replaces the prior revolver while maintaining similar security and guarantees, and will be used to refinance existing debt, including Term Loan A.

How did Everforth (EFOR) alter the maturity of its credit facility?
Everforth extended the revolving credit facility maturity from February 14, 2028 to July 7, 2031. The maturity can step earlier if 2028 senior unsecured notes or term B loans exceed specified amounts near their stated maturities.

What interest rates apply to Everforth’s amended revolving credit facility?
Borrowings are priced at Term SOFR plus 1.75–2.75% or a base rate plus 0.75–1.75%. The margin depends on Everforth’s secured leverage levels, aligning borrowing costs with the company’s credit profile under the amended agreement.

How do the leverage covenants change in Everforth’s updated credit agreement?
The consolidated secured leverage ratio covenant will step down to 3.50 to 1.00 starting with the quarter ending June 30, 2027. It further tightens to 3.25 to 1.00 starting with the quarter ending June 30, 2028, modestly lowering allowable leverage over time.

How were the proceeds of Everforth’s new revolving credit facility used?
Everforth stated that proceeds from borrowings under the amended revolving credit facility were used in part to pay off its existing Term Loan A in full. The transaction is described as leverage neutral in the company’s press release.

When is Everforth’s Q2 2026 earnings conference call scheduled?
Everforth plans to host its second quarter 2026 earnings conference call on Wednesday, July 29, 2026, at 4:30 p.m. ET. Dial-in numbers, replay access codes, and a webcast link are provided for investors to listen to management’s remarks.
0000890564false00008905642026-07-092026-07-09

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of report (Date of earliest event reported): July 9, 2026 (July 7, 2026)

Everforth, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware 001-35636 95-4023433
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)
4400 Cox Road, Suite 110, Glen Allen, Virginia
23060
(Address of Principal Executive Offices)
 
(Zip Code)
 

(888) 482-8068
Registrant’s telephone number, including area code

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of exchange on which registered
Common StockEFORNYSE
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 1.01. Entry into a Material Definitive Agreement.

On July 7, 2026, Everforth, Inc. (the “Company”) entered into the Third Amendment to its Third Amended and Restated Credit Agreement (the “Third Amendment”), by and among the Company, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent. The Third Amendment amends the Company’s existing Third Amended and Restated Credit Agreement, dated as of August 31, 2023 (as amended, restated, amended and restated, supplemented and otherwise modified to date, the “Existing Credit Agreement” and the Existing Credit Agreement as amended by the Third Amendment, the “Credit Agreement”) by, among other things, (a) increasing the aggregate commitments under the revolving credit facility from $500.0 million to $600.0 million, (b) extending the maturity of the revolving credit facility from February 14, 2028 to July 7, 2031; provided, that if any of the Company’s 2028 senior unsecured notes remain outstanding on the date that is ninety-one days prior to the stated maturity thereof in an aggregate principal amount in excess of $110.0 million or the Company’s term B loans remain outstanding on the date that is ninety-one days prior to the stated maturity thereof, then the maturity date of the revolving credit facility will instead be the date that is ninety-one days prior to the stated maturity of the Company’s 2028 senior unsecured notes or term B loans, or any permitted refinancing or extension of such indebtedness, as applicable, (c) amending the interest rate for the revolving credit facility to range from, at the Company’s option, Term SOFR (as defined in the Credit Agreement) plus an applicable margin of 1.75 to 2.75 percent or the base rate plus an applicable margin of 0.75 to 1.75 percent, and (d) amending the consolidated secured leverage ratio financial covenant to step down from 3.75 to 1.00 to 3.50 to 1.00 starting with the quarter ending June 30, 2027 and to step down from 3.50 to 1.00 to 3.25 to 1.00 starting with the quarter ending June 30, 2028.

Proceeds of borrowings on the revolving credit facility were used in part to pay off the Company’s existing term A loans in full.

Consistent with the Existing Credit Agreement, the Company’s obligations in respect of the revolving credit facility and term B loans are secured by substantially all of the Company’s assets, subject to customary exceptions, and guaranteed by the material domestic subsidiaries of the Company.

The Company and its subsidiaries are otherwise subject to the same terms and conditions as those set forth in the Existing Credit Agreement, including but not limited to representations and warranties, affirmative and negative covenants, and events of default.

The foregoing description of the Third Amendment is only a summary and is qualified in its entirety by reference to the full text of the Third Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On July 9, 2026, the Company issued a press release announcing the Third Amendment and providing information regarding the Company’s second quarter 2026 earnings call. A copy of this press release is furnished as Exhibit 99.1 to this Report.

The information included in this Current Report on Form 8-K under this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the company or the operating partnership under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such a filing.











Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
Exhibit NumberDescription
10.1†
Third Amendment to Third Amended and Restated Credit Agreement, dated as of July 7, 2026, by and among Everforth, Inc., as the borrower, Wells Fargo Bank, National Association, as administrative agent, and the lenders named therein
99.1
Press Release dated July 9, 2026
104.1Cover page interactive data file (embedded within the Inline XBRL document)

† Schedules to this exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Registrant agrees to furnish a copy of all omitted schedules to the SEC upon its request.






SIGNATURE

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Everforth, Inc.
Date: July 9, 2026/s/ Marie L. Perry
Marie L. Perry
Executive Vice President and Chief Financial Officer








Exhibit 99.1
Everforth, Inc. Successfully Completes Refinancing and Upsizes to a new $600 Million Revolving Credit Facility Enhancing Financial Flexibility

Schedules Second Quarter 2026 Earnings Release and Conference Call

RICHMOND, VA, July 9, 2026 – Everforth, Inc. (NYSE: EFOR), a leading technology and digital engineering firm, announced today that the Company has successfully completed the refinancing and upsizing of its $500 million Revolving Credit Facility (“Revolver”), with a new five-year $600 million facility, extending the maturity date from 2028 to 2031.

“The successful refinancing and upsizing of our credit facility reflects the strength of our balance sheet, the durability of our free cash flow generation, and confidence in Everforth’s long-term growth strategy,” said Everforth’s Chief Executive Officer, Ted Hanson. “With enhanced financial flexibility and a disciplined approach to capital allocation, we are well positioned to support future growth while continuing to deploy capital in the best interests of our stockholders.”

Additional Transaction Details

Borrowings under the new Revolving Credit Facility are priced at the Secured Overnight Financing Rate (SOFR) plus 175 to 275 basis points, dependent upon secured leverage borrowing levels. A commitment fee of 30 to 45 basis points is payable on the undrawn portion of the Revolver. The new facility, which is leverage neutral, will be used to refinance the existing $500 million Revolving Credit Facility and $100 million Term Loan A. The refinancing transaction was led by Wells Fargo Securities, LLC, Truist Securities, Inc., BofA Securities, Inc. and JPMorgan Chase Bank, N.A.

Q2 2026 Earnings Call Date

Everforth also announced today that it will host its second quarter 2026 conference call on Wednesday, July 29, 2026, at 4:30 p.m. ET. The Company’s financial results and prepared remarks will be posted to its website prior to the call.

The dial-in number for this conference call is 877-407-0792 (+1-201-689-8263 outside the United States). Please reference Conference ID number 13760713. A replay of the conference call will be available from 7:30 p.m. ET July 29, 2026, until August 12, 2026. The dial-in number for the replay is 844-512-2921 (+1-412-317-6671 outside the United States) and the replay access code is 13760713. The webcast for this call will be available at www.everforth.com.

About Everforth, Inc.

Everforth, Inc. (NYSE: EFOR) is a leading technology and digital engineering company that helps organizations adapt, innovate, and thrive in a world of constant change. Our six solution areas — AI and data, cloud and infrastructure, application and digital engineering, experience, cybersecurity, and enterprise platforms — accelerate time to value for our commercial and federal clients. Powered by proprietary assets, accelerators, and proven expertise, Everforth turns complexity into progress and delivers measurable outcomes. Everforth: Adapt and Thrive™. Learn more at everforth.com.







Safe Harbor

Certain statements made in this news release are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. Forward-looking statements include statements regarding our anticipated financial and operating performance. All statements in this news release, other than those setting forth strictly historical information, are forward-looking statements. Forward-looking statements are not guarantees of future performance and actual results might differ materially. In particular, we make no assurances that the proposed revenue, expense, and profit estimates outlined above will be achieved.

Additional examples of forward-looking statements in this press release include, without limitation, statements regarding risks detailed from time-to-time in our reports filed with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the SEC on February 25, 2026. We specifically disclaim any intention or duty to update any forward-looking statements contained in this news release.

Contact:

Kimberly Esterkin
Vice President, Investor Relations
kimberly.esterkin@everforth.com

Source: View Original Filing on SEC EDGAR

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