EverCommerce Inc. has announced an amendment to its existing Credit Agreement, originally dated July 6, 2021. The amendment, effective June 10, 2025, involves certain subsidiaries of EverCommerce and the Royal Bank of Canada, among other parties. Key changes include a reduction of commitments under the revolver from $190 million to $155 million. Additionally, for $125 million of these commitments, the maturity date has been extended to January 6, 2028, and the applicable margins for Term SOFR and Alternate Base Rate loans have been lowered to 2.50% and 1.50%, respectively, with potential further reductions based on the company's first lien net leverage ratio. Other terms and conditions remain unchanged, ensuring continuity with the original agreement.
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