EverCommerce Amends, Reprices and Extends Credit Facility

Core Insights - EverCommerce Inc. has successfully repriced and extended the maturities of its existing Term Loan B and Revolving Credit Facilities, enhancing its capital structure and financial flexibility [1][2] Financial Details - The company refinanced its $529.4 million term loan facility with a new class of Term B-2 Loans, extending the maturity by 3 years to July 6, 2031, and reducing the interest rate by 25 basis points to SOFR plus 2.25% [1] - The maturity date for $125 million of commitments under the existing revolver was extended to July 29, 2030, with a similar interest rate reduction of 25 basis points to SOFR plus 2.00% [1] - The expected annual cash interest expense is projected to decrease by approximately $1.3 million due to these changes [2] Company Overview - EverCommerce is a leading service commerce platform that provides integrated SaaS solutions to over 725,000 global service-based businesses, focusing on growth acceleration, operational streamlining, and customer retention [3] - The company operates under brands such as EverPro, EverHealth, and EverWell, specializing in Home, Health, and Wellness service industries [3]