Company: EVCM
Filing Date: 2025-06-10
Form Type: 8-K
Source: 0001853145-25-000023
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Company: EverCommerce Inc.
Filing Date: 2025-06-10
Form: 8-K
Item: Item 1.01
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Item 1.01

Entry Into a Material Definitive Agreement.

On June 10, 2025, certain subsidiaries of EverCommerce Inc. entered into Amendment No. 4 (the “ Amendment”) to the Credit Agreement, dated as of July 6, 2021, among EverCommerce Intermediate Inc., EverCommerce Solutions Inc. (the “ Borrower”), Royal Bank of Canada, as administrative agent and collateral agent, and the other parties and lenders party thereto (as amended, the “ Credit Agreement”). The Amendment, among other things, reduced commitments outstanding under the revolver, extended the maturity of a portion of such commitments and reduced the applicable margin with respect to extended revolving loans.

Pursuant to the Amendment, commitments under the existing $190.0 million revolver were reduced to $155.0 million. With respect to $125.0 million of such commitments, (i) the maturity date was extended to January 6, 2028 and (ii) the applicable margin for (x) Term SOFR loans was reduced to 2.50% and (y) Alternate Base Rate loans was reduced to 1.50%, in each case, subject to step-downs based on the Company’s first lien net leverage ratio. Other than the changes noted above, the terms and conditions of all commitments at closing as well as those extending beyond the original expiration remain the same as the existing revolver.

The foregoing description of the Amendment is a summary and is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 10.1 and which is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.