Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 83

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 83
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 remaining lease term for operating leases was 4.65 years and 5.15 years, respectively, and the weighted average discount rate was 5.3% and 5.2%, respectively.

13

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the balance sheet as of June 30, 2025 is as follows (in thousands):Year ended December 31, 2025 (remainder of year)$2,195 20264,133 20273,518 20282,792 20292,481 Thereafter2,254 Total lease payments17,373 Less: imputed interest2,256 Total present value of lease liabilities$15,117 

Note 11. Long-Term DebtLong-term debt consisted of the following as of:June 30,December 31,20252024(in thousands)Term note with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.50% (6.82681% at June 30, 2025) quarterly principal payments of 0.25% of original principal balance with balloon payment due July 2028 (1)$529,375 $532,125 Revolver with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.50% (6.93677% at June 30, 2025), and outstanding balance due January 2028 (1)— — Principal debt529,375 532,125 Deferred financing costs on long-term debt(2,627)(3,069)Discount on long-term debt(954)(1,114)Total debt525,794 527,942 Less current maturities5,500 5,500 Long-term portion$520,294 $522,442 (1) See Note 20. Subsequent Event for additional information on the July 29, 2025 amendment to refinance and extend the maturity date.The Company is party to a credit agreement, as amended, that provides for one term loan in the aggregate principal amount of $533.5 million (the “Term Loan”), a revolver with a capacity of $155.0 million (the “Revolver”) and a sub-limit of the Revolver available for letters of credit up to an aggregate face amount of $