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重定價其$53350萬的定期貸款，每年降低利息成本$330萬。
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宣佈成功重定價其$53350萬定期貸款的固定利率部分，將利率從SOFR加3.0%降低至SOFR加2.50%，根據截至2024年9月30日的未償本金，預計將爲公司每年節省約$330萬。這一變更作爲公司轉型工作的部分內容，消除了信用利差調整，但未涉及貸款協議的其他實質性修訂。此外，EverCommerce之前執行了總計$42500萬的利率互換，以進一步降低浮動利率風險。該公司爲服務導向的小型和中型企業提供集成的Saas解決方案，旨在通過其多個品牌提升客戶和專業互動。
Potential Positives
潛在的積極因素
- 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.
- 成功重定價$53350萬定期貸款的固定利率部分，利率從SOFR加3.0%降低至SOFR加2.50%。
- 截至2024年9月30日，未償本金的年化利息成本節省約爲$330萬。
- 消除了信用利差調整，簡化了利率結構，提高了財務清晰度。
- 完成了總金額爲$42500萬的利率互換，有效降低了公司浮動利率風險。
Potential Negatives
潛在負面因素
- 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.
- 提到可能需要增加債務或通過新的股本或債務融資尋求資本，這表明公司面臨財務不穩定或挑戰。
- 前瞻性陳述中包括顯著的風險和不確定性，這可能會對未來結果產生重大影響，令對公司財務健康和戰略方向產生擔憂。
- 依賴利率掉期來管理浮動利率風險可能表明對利率波動的脆弱性，這可能會對公司的財務表現產生不利影響。
FAQ
常見問題
What is EverCommerce's recent loan repricing announcement about?
EverCommerce最近的貸款重新定價公告是關於什麼的？
EverCommerce announced the repricing of its $533.5 million term loan, reducing the interest rate and saving approximately $3.3 million annually.
EverCommerce宣佈重新定價其53350萬美元的定期貸款，降低利率，每年節省約330萬美元。
How much will EverCommerce save from the loan repricing?
EverCommerce從貸款重新定價中將節省多少？
The repricing is expected to save EverCommerce about $3.3 million annually on the outstanding loan principal.
此重新定價預計將使EverCommerce在未償還貸款本金上每年節省約330萬美元。
What interest rate will the term loan bear after repricing?
重新定價後，定期貸款的利率將是多少？
After repricing, the term loan will have an interest rate of SOFR plus 2.50%.
重新定價後，定期貸款將具有SOFR加上2.50%的利率。
What was the previous interest rate on the term loan?
定期貸款之前的利率是多少？
The previous interest rate on the term loan was SOFR plus 3.0%.
定期貸款之前的利率爲SOFR加3.0%。
What services does EverCommerce provide to businesses?
EverCommerce爲企業提供哪些服務？
EverCommerce provides SaaS solutions that help service-based businesses enhance growth, streamline operations, and improve customer retention.
EverCommerce提供Saas概念，幫助基於服務的企業提升增長、簡化運營和改善客戶留存。
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.
免責聲明：這是由GlobeNewswire分發的新聞稿的人工智能生成摘要。用於總結這份稿件的模型可能會出錯。請在這裏查看完整發佈。
$EVCM Insider Trading Activity
$EVCm內部交易活動
$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.
$EVCm內部人士在過去6個月的公開市場上交易$EVCm股票38次。其中，0次爲購買，38次爲出售。
Here's a breakdown of recent trading of $EVCM stock by insiders over the last 6 months:
以下是過去6個月內部人士對$EVCm股票最近交易的詳細信息：
- 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（首席執行官）交易31次。他們沒有購買，出售31次，共賣出231,596股。
- MATTHEW DAVID FEIERSTEIN（總裁）交易3次。他們沒有購買，出售3次，共賣出26,915股。
- LISA E STOREY（首席法律官）交易2次。他們沒有購買，出售2次，共賣出9,557股。
- 埃文·柏林（首席運營官）出售了298股。
- 馬克·克里斯托弗·湯普森（財務長）出售了1,947股。
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
要跟蹤內部交易，請查看Quiver Quantitative的內部交易儀表。
$EVCM Hedge Fund Activity
$EVCm 對沖基金活動
We have seen 36 institutional investors add shares of $EVCM stock to their portfolio, and 48 decrease their positions in their most recent quarter.
我們看到36家機構投資者在最近一個季度中增加了對$EVCm股票的持股，48家在最近一個季度中減持了其股份。
Here are some of the largest recent moves:
以下是最近的一些重大變動：
- 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年第二季度從其投資組合中剔除了661,297股（-100.0%）。
- 千禧管理有限責任公司在2024年第三季度從其投資組合中剔除了284,053股（-87.8%）。
- 大湖顧問公司在2024年第二季度從其投資組合中移除了203,420股（-100.0%）
- 伍德萊恩合夥公司在2024年第三季度向其投資組合中增加了124,698股（+41.0%）
- 惠特斯通資本顧問公司在2024年第二季度從其投資組合中移除了90,457股（-100.0%）
- HRt金融公司在2024年第三季度從其投資組合中移除了71,607股（-51.1%）
- 溫莎顧問集團在2024年第三季度向其投資組合中增加了68,341股（+inf%）
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要跟蹤對沖基金的股票投資組合，請查看Quiver Quantitative的機構持有情況儀表。
Full Release
完整發佈
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（環球新聞）-- EverCommerce（納斯達克：EVCM），一家領先的服務中小企業的Saas解決方案提供商，今天宣佈成功重新定價其53350萬定期貸款的固定利率部分，這是其持續轉型和優化努力的一部分。該定期貸款以平價重新定價，利率爲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.
此次重新定價將利率確定的固定部分減少了50個點子（由SOFR加3.0%調整爲），並取消了信用利差調整，預計到2024年9月30日，未清償本金的年度利息成本節省大約爲330萬美金。除了重新定價，貸款信用額度沒有其他重大修訂。
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之前宣佈執行了一系列利率互換，總名義金額爲42500萬，有效降低了公司的浮動利率風險。
Investor Contact:
Brad Korch
SVP and Head of Investor Relations
720-796-7664
i
r@evercommerce.com
投資者聯繫人：
布拉德·科爾奇
高級副總裁兼投資者關係主管
720-796-7664
i
r@evercommerce.com
Press Contact:
Jeanne Trogan
VP of Corporate Communications
512-705-1293
press@evercommerce.com
聯繫方式：
珍妮·特羅根
公司傳播副總裁
512-705-1293
press@evercommerce.com
About EverCommerce
關於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（納斯達克：EVCM）是一個領先的服務商業平台，提供垂直定製的綜合Saas概念解決方案，幫助超過690,000家全球服務行業的企業加速增長、簡化運營並提高客戶留存率。其現代數字化和移動應用爲客戶和服務專業人員之間創造了可預測、知情和便利的體驗。EverCommerce旗下的EverPro、EverHealth和EverWell品牌專注於家庭、健康和健康服務行業，提供端到端的業務管理軟體、嵌入式支付接受、營銷科技和客戶體驗應用。了解更多信息，請訪問
EverCommerce.com
.
Forward-Looking Statements
前瞻性聲明
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.
本新聞稿包含1995年《私人證券訴訟改革法》意義內的前瞻性陳述。本新聞稿中包含的所有與歷史事實無關的聲明應視爲前瞻性陳述，包括但不限於關於預期年度利息成本節省的陳述。這些陳述既不是承諾也不是保證，但涉及已知和未知的風險、不確定性以及可能導致我們的實際結果、表現或成就與前瞻性陳述中表達或暗示的未來結果、表現或成就存在重大差異的其他重要因素，包括但不限於，我們可能需要承擔額外的債務或通過新的股權或債務融資尋求資本，以支持我們的業務增長，以及在截至2023年12月31日的年度報告(Form 10-K)中描述的其他因素，並由我們向美國證券交易委員會（SEC）提交的其他文件更新。這些因素可能導致實際結果與本新聞稿中所作的前瞻性陳述指示的結果存在重大差異。任何此類前瞻性陳述都代表管理層截至本新聞稿日期的估計。雖然我們可能會在未來某個時點選擇更新這些前瞻性陳述，但我們聲明沒有任何義務這樣做，即使後續事件導致我們的觀點發生變化。
