EverCommerce Successfully Reprices Credit Agreement

Core Viewpoint - EverCommerce has successfully repriced the fixed rate component of its $533.5 million term loan, resulting in significant interest cost savings as part of its transformation and optimization efforts [1][2]. Financial Summary - The repricing reduced the fixed component of the interest rate by 50 basis points, from SOFR plus 3.0$3.3 million based on the outstanding principal amount as of September 30, 2024 [2]. Risk Management - EverCommerce executed a series of interest rate swaps with a combined notional amount of $425 million, effectively reducing the company's floating rate exposure [3]. Company Overview - EverCommerce is a leading service commerce platform that provides vertically-tailored, integrated SaaS solutions to over 690,000 global service-based businesses [3]. - The company specializes in Home, Health, and Wellness service industries through its brands EverPro, EverHealth, and EverWell, offering end-to-end business management software, payment acceptance, marketing technology, and customer experience applications [3].