Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 88

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 88
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 for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the balance sheet as of September 30, 2025 is as follows (in thousands):Year ended December 31, 2025 (remainder of year)$1,189 20264,451 20273,563 20282,792 20292,481 Thereafter2,254 Total lease payments16,730 Less: imputed interest2,011 Total present value of lease liabilities$14,719 

Note 11. Long-Term DebtLong-term debt consisted of the following as of:September 30,December 31,20252024(in thousands)Term note with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.25% (6.41340% at September 30, 2025) quarterly principal payments of 0.25% of original principal balance with balloon payment due July 2031 $528,000 $532,125 Revolver with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.00% (6.12920% at September 30, 2025), and outstanding balance due July 2030— — Principal debt528,000 532,125 Deferred financing costs on long-term debt(2,564)(3,069)Discount on long-term debt(825)(1,114)Total debt524,611 527,942 Less current maturities5,500 5,500 Long-term portion$519,111 $522,442 The Company is party to a credit agreement, as amended, that provides for one term loan in the aggregate principal amount of $529.4 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 $20.0 million. These debt arrangements are collectively referred to herein as the “Credit Facilities”.

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EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

On December 13, 2024, the Company entered into an amendment (the “2024 Amendment”) to the Credit Facilities to reduce the applicable margin and remove the credit spread adjustment from the existing Term Loan in their entirety in an aggregate principal amount of $533.5 million. Following the 2024