Loan & DebtJul 9, 2026, 05:12 PM
Everforth Upsizes Revolving Credit Facility to $600M, Extends Maturity
AI Summary
Everforth, Inc. successfully refinanced and upsized its revolving credit facility from $500 million to $600 million, extending the maturity date from February 2028 to July 2031. This move enhances the company's financial flexibility and supports its long-term growth strategy. The new facility features an amended interest rate and revised consolidated secured leverage ratio covenants, with proceeds used to fully repay existing term A loans. Additionally, Everforth announced its second quarter 2026 earnings call for July 29, 2026.
Key Highlights
- Revolving credit facility upsized from $500 million to $600 million.
- Maturity date extended from February 2028 to July 2031.
- Interest rate amended to Term SOFR + 1.75-2.75% or base rate + 0.75-1.75%.
- Consolidated secured leverage ratio covenant steps down to 3.50:1.00 by Q2 2027.
- Proceeds used to pay off existing term A loans in full.
- Q2 2026 earnings call scheduled for July 29, 2026.
Price Impact
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