EverCommerce revises $200 million add-on term loan OID to 99.75

By Sara Rosenberg

New York, Nov. 19 – EverCommerce Inc. adjusted the original issue discount on its fungible $200 million add-on term loan due 2028 to 99.75 from 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 325 basis points with a 0.5% Libor floor.

KKR Capital Markets and RBC Capital Markets are the leads on the deal.

Proceeds will be used to repay revolving credit facility borrowings and add cash to the balance sheet.

EverCommerce is a Denver-based service commerce platform.

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