EverCommerce Successfully Reprices Credit Agreement
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EverCommerce has successfully repriced its $533.5 million term loan, reducing the interest rate to SOFR plus 2.50%. This move is part of the company's ongoing efforts to optimize its financial structure.
December 16, 2024 | 2:15 pm
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EverCommerce has repriced its $533.5 million term loan to a lower interest rate of SOFR plus 2.50%, which is part of its financial optimization strategy.
The repricing of the term loan to a lower interest rate reduces EverCommerce's interest expenses, potentially improving profitability and cash flow. This is a positive financial move, likely to be viewed favorably by investors.
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