Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 62

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 62
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 Level 2. The fair value amounts were approximately $529.3 million and $537.4 million as of September 30, 2025 and December 31, 2024, respectively.The Company has entered into the following interest rate swap agreements in connection with its Credit Facilities to convert a portion of the floating rate component of the Term Loan from a floating rate to fixed rate:EffectiveExpirationFixed InterestNotionalAsset (Liability) Fair Value atSwapDateDateRateAmountSeptember 30, 2025(in thousands)(in thousands)Initial SwapOctober 31, 2022October 31, 20274.212 %$200,000 $(3,449)Second SwapMarch 31, 2023October 31, 20273.951 %100,000 (1,195)Third SwapSeptember 20, 2024October 31, 20273.395 %125,000 93 The Swap Agreements are accounted for as derivatives whereby the fair value of each contract is reported within the unaudited condensed consolidated balance sheets, and related gains or losses resulting from changes in the fair value are reported in interest and other expense, net, on the unaudited condensed consolidated statements of operations and comprehensive loss. As of September 30, 2025, the fair value of the Initial and Second Swaps were a liability of $4.6 million, while the fair value of the Third Swap was an asset of $0.1 million, which are reported in other non-current liabilities and other non-current assets, respectively, on the unaudited condensed consolidated balance sheets. The related gains and losses resulting from changes in fair value was losses of $0.04 million and $8.1 million during the three months ended September 30, 2025 and 2024, respectively, and losses of $6.0 million and $2.3 million during the nine months ended September 30, 2025 and 2024, respectively.

16

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

The Company’s Credit Facilities are subject to certain financial and nonfinancial covenants and are secured by substantially all assets of the Company. As of September 30, 2025, the Company was in compliance with all of its covenants.Aggregate maturities of the Company’s debt for the years ending December 31 are as follows as of September 30, 2025 (in thousands):Year ending