EverCommerce Reprices Term Loan, Achieving $3.3 Million Annual Interest Savings
EverCommerce Reprices Term Loan, Achieving $3.3 Million Annual Interest Savings
The repricing is expected to save EverCommerce about $3.3 million annually on the outstanding loan principal.EverCommerce repriced its $533.5 million term loan, reducing interest costs by $3.3 million annually.
EverCommerce重定价其$53350万的定期贷款，每年降低利息成本$330万。
Quiver AI Summary
Quiver AI 概要
EverCommerce announced that it has successfully repriced the fixed rate component of its $533.5 million term loan, reducing the interest rate from SOFR plus 3.0% to SOFR plus 2.50%, which will save the company approximately $3.3 million annually based on its outstanding principal as of September 30, 2024. This change, made as part of the company's transformation efforts, eliminates the credit spread adjustment but does not involve other material amendments to the loan agreement. Additionally, EverCommerce previously executed interest rate swaps totaling $425 million to further mitigate floating rate exposure. The company provides integrated SaaS solutions for service-oriented SMBs and aims to enhance customer and professional interactions through its various brands.
EverCommerce宣布成功重定价其$53350万定期贷款的固定利率部分，将利率从SOFR加3.0%降低至SOFR加2.50%，根据截至2024年9月30日的未偿本金，预计将为公司每年节省约$330万。这一变更作为公司转型工作的部分内容，消除了信用利差调整，但未涉及贷款协议的其他实质性修订。此外，EverCommerce之前执行了总计$42500万的利率互换，以进一步降低浮动利率风险。该公司为服务导向的小型和中型企业提供集成的SaaS解决方案，旨在通过其多个品牌提升客户和专业互动。
Potential Positives
潜在的积极因素
- Successful repricing of the fixed rate component of a $533.5 million term loan, resulting in a reduction of the interest rate from SOFR plus 3.0% to SOFR plus 2.50%.
- Annualized interest cost savings of approximately $3.3 million on the outstanding principal amount as of September 30, 2024.
- Elimination of the credit spread adjustment, which simplifies the interest rate structure and enhances financial clarity.
- Completion of interest rate swaps with a combined notional amount of $425 million, effectively reducing the company's floating rate exposure.
- 成功重定价$53350万定期贷款的固定利率部分，利率从SOFR加3.0%降低至SOFR加2.50%。
- 截至2024年9月30日，未偿本金的年化利息成本节省约为$330万。
- 消除了信用利差调整，简化了利率结构，提高了财务清晰度。
- 完成了总金额为$42500万的利率互换，有效降低了公司浮动利率风险。
Potential Negatives
潜在负面因素
- The mention of needing to potentially incur additional indebtedness or seek capital through new equity or debt financings suggests financial instability or challenges ahead for the company.
- The forward-looking statements include notable risks and uncertainties that could significantly impact future results, raising concerns about the company's financial health and strategic direction.
- The reliance on interest rate swaps to manage floating rate exposure may indicate vulnerability to interest rate fluctuations, which could adversely affect the company's financial performance.
- 提到可能需要增加债务或通过新的股本或债务融资寻求资本，这表明公司面临财务不稳定或挑战。
- 前瞻性陈述中包括显著的风险和不确定性，这可能会对未来结果产生重大影响，令对公司财务健康和战略方向产生担忧。
- 依赖利率掉期来管理浮动利率风险可能表明对利率波动的脆弱性，这可能会对公司的财务表现产生不利影响。
FAQ
常见问题
What is EverCommerce's recent loan repricing announcement about?
EverCommerce最近的贷款重新定价公告是关于什么的？
EverCommerce announced the repricing of its $533.5 million term loan, reducing the interest rate and saving approximately $3.3 million annually.
EverCommerce宣布重新定价其53350万美元的定期贷款，降低利率，每年节省约330万美元。
How much will EverCommerce save from the loan repricing?
EverCommerce从贷款重新定价中将节省多少？
The repricing is expected to save EverCommerce about $3.3 million annually on the outstanding loan principal.
此重新定价预计将使EverCommerce在未偿还贷款本金上每年节省约330万美元。
What interest rate will the term loan bear after repricing?
重新定价后，定期贷款的利率将是多少？
After repricing, the term loan will have an interest rate of SOFR plus 2.50%.
重新定价后，定期贷款将具有SOFR加上2.50%的利率。
What was the previous interest rate on the term loan?
定期贷款之前的利率是多少？
The previous interest rate on the term loan was SOFR plus 3.0%.
定期贷款之前的利率为SOFR加3.0%。
What services does EverCommerce provide to businesses?
EverCommerce为企业提供哪些服务？
EverCommerce provides SaaS solutions that help service-based businesses enhance growth, streamline operations, and improve customer retention.
EverCommerce提供SaaS概念，帮助基于服务的企业提升增长、简化运营和改善客户留存。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明：这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$EVCM Insider Trading Activity
$EVCm内部交易活动
$EVCM insiders have traded $EVCM stock on the open market 38 times in the past 6 months. Of those trades, 0 have been purchases and 38 have been sales.
$EVCm内部人士在过去6个月的公开市场上交易$EVCm股票38次。其中，0次为购买，38次为出售。
Here's a breakdown of recent trading of $EVCM stock by insiders over the last 6 months:
以下是过去6个月内部人士对$EVCm股票最近交易的详细信息：
- ERIC RICHARD REMER (Chief Executive Officer) has traded it 31 times. They made 0 purchases and 31 sales, selling 231,596 shares.
- MATTHEW DAVID FEIERSTEIN (President) has traded it 3 times. They made 0 purchases and 3 sales, selling 26,915 shares.
- LISA E STOREY (Chief Legal Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 9,557 shares.
- EVAN BERLIN (Chief Operating Officer) sold 298 shares.
- MARC CHRISTOPHER THOMPSON (Chief Financial Officer) sold 1,947 shares.
- ERIC RICHARD REMER（首席执行官）交易31次。他们没有购买，出售31次，共卖出231,596股。
- MATTHEW DAVID FEIERSTEIN（总裁）交易3次。他们没有购买，出售3次，共卖出26,915股。
- LISA E STOREY（首席法律官）交易2次。他们没有购买，出售2次，共卖出9,557股。
- 埃文·柏林（首席运营官）出售了298股。
- 马克·克里斯托弗·汤普森（首席财务官）出售了1,947股。
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
要跟踪内部交易，请查看Quiver Quantitative的内部交易特斯拉-仪表。
$EVCM Hedge Fund Activity
$EVCm 对冲基金活动
We have seen 36 institutional investors add shares of $EVCM stock to their portfolio, and 48 decrease their positions in their most recent quarter.
我们看到36家机构投资者在最近一个季度中增加了对$EVCm股票的持股，48家在最近一个季度中减持了其股份。
Here are some of the largest recent moves:
以下是最近的一些重大变动：
- FIL LTD removed 661,297 shares (-100.0%) from their portfolio in Q2 2024
- MILLENNIUM MANAGEMENT LLC removed 284,053 shares (-87.8%) from their portfolio in Q3 2024
- GREAT LAKES ADVISORS, LLC removed 203,420 shares (-100.0%) from their portfolio in Q2 2024
- WOODLINE PARTNERS LP added 124,698 shares (+41.0%) to their portfolio in Q3 2024
- WHETSTONE CAPITAL ADVISORS, LLC removed 90,457 shares (-100.0%) from their portfolio in Q2 2024
- HRT FINANCIAL LP removed 71,607 shares (-51.1%) from their portfolio in Q3 2024
- WINDSOR ADVISORY GROUP, LLC added 68,341 shares (+inf%) to their portfolio in Q3 2024
- FIL LTD在2024年第二季度从其投资组合中剔除了661,297股（-100.0%）。
- 千禧管理有限责任公司在2024年第三季度从其投资组合中剔除了284,053股（-87.8%）。
- 大湖顾问公司在2024年第二季度从其投资组合中移除了203,420股（-100.0%）
- 伍德莱恩合伙公司在2024年第三季度向其投资组合中增加了124,698股（+41.0%）
- 惠特斯通资本顾问公司在2024年第二季度从其投资组合中移除了90,457股（-100.0%）
- HRt金融公司在2024年第三季度从其投资组合中移除了71,607股（-51.1%）
- 温莎顾问集团在2024年第三季度向其投资组合中增加了68,341股（+inf%）
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要跟踪对冲基金的股票投资组合，请查看Quiver Quantitative的机构持有情况仪表。
Full Release
完整发布
DENVER, Dec. 16, 2024 (GLOBE NEWSWIRE) -- EverCommerce (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, announced today that it successfully repriced the fixed rate component of its $533.5 million term loan as part of its continued transformation and optimization efforts. The term loan was repriced at par and will bear an interest rate of SOFR plus 2.50%.
丹佛，2024年12月16日（环球新闻）-- EverCommerce（纳斯达克：EVCM），一家领先的服务中小企业的SaaS解决方案提供商，今天宣布成功重新定价其53350万定期贷款的固定利率部分，这是其持续转型和优化努力的一部分。该定期贷款以平价重新定价，利率为SOFR加2.50%。
The repricing reduced the fixed component of the interest rate determination by 50 basis points (from SOFR plus 3.0%) and eliminated the credit spread adjustment, resulting in an annualized interest cost savings of approximately $3.3 million on the outstanding principal amount as of September 30, 2024. There were no other material amendments to the term loan credit facility other than the repricing.
此次重新定价将利率确定的固定部分减少了50个基点（由SOFR加3.0%调整为），并取消了信用利差调整，预计到2024年9月30日，未清偿本金的年度利息成本节省大约为330万美金。除了重新定价，贷款信用额度没有其他重大修订。
EverCommerce previously announced the execution of a series of interest rate swaps with a combined notional amount of $425 million, effectively reducing the company's floating rate exposure.
EverCommerce之前宣布执行了一系列利率互换，总名义金额为42500万，有效降低了公司的浮动利率风险。
Investor Contact:
Brad Korch
SVP and Head of Investor Relations
720-796-7664
i
r@evercommerce.com
投资者联系人：
布拉德·科尔奇
高级副总裁兼投资者关系主管
720-796-7664
i
r@evercommerce.com
Press Contact:
Jeanne Trogan
VP of Corporate Communications
512-705-1293
press@evercommerce.com
联系方式：
珍妮·特罗根
公司传播副总裁
512-705-1293
press@evercommerce.com
About EverCommerce
关于EverCommerce
EverCommerce (Nasdaq: EVCM) is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 690,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. With its EverPro, EverHealth, and EverWell brands specializing in Home, Health, and Wellness service industries, EverCommerce provides end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications. Learn more at
EverCommerce.com
.
EverCommerce（纳斯达克：EVCM）是一个领先的服务商业平台，提供垂直定制的综合SaaS概念解决方案，帮助超过690,000家全球服务行业的企业加速增长、简化运营并提高客户留存率。其现代数字化和移动应用为客户和服务专业人员之间创造了可预测、知情和便利的体验。EverCommerce旗下的EverPro、EverHealth和EverWell品牌专注于家庭、健康和健康服务行业，提供端到端的业务管理软件、嵌入式支付接受、营销科技和客户体验应用。了解更多信息，请访问
EverCommerce.com
.
Forward-Looking Statements
前瞻性声明
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation, statements regarding anticipated annual interest cost savings. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, we may need to incur additional indebtedness or seek capital through new equity or debt financings in order to support the growth of our business as well as the other factors described in our Annual Report on Form 10-K for the year ended December 31, 2023 and updated by our other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
本新闻稿包含1995年《私人证券诉讼改革法》意义内的前瞻性陈述。本新闻稿中包含的所有与历史事实无关的声明应视为前瞻性陈述，包括但不限于关于预期年度利息成本节省的陈述。这些陈述既不是承诺也不是保证，但涉及已知和未知的风险、不确定性以及可能导致我们的实际结果、表现或成就与前瞻性陈述中表达或暗示的未来结果、表现或成就存在重大差异的其他重要因素，包括但不限于，我们可能需要承担额外的债务或通过新的股权或债务融资寻求资本，以支持我们的业务增长，以及在截至2023年12月31日的年度报告(Form 10-K)中描述的其他因素，并由我们向美国证券交易委员会（SEC）提交的其他文件更新。这些因素可能导致实际结果与本新闻稿中所作的前瞻性陈述指示的结果存在重大差异。任何此类前瞻性陈述都代表管理层截至本新闻稿日期的估计。虽然我们可能会在未来某个时点选择更新这些前瞻性陈述，但我们声明没有任何义务这样做，即使后续事件导致我们的观点发生变化。
