EverCommerce talks $300 million term loan at Libor plus 350-375 bps

By Sara Rosenberg

New York, June 2 – EverCommerce Inc. launched on Wednesday its $300 million seven-year term loan (B1) with price talk of Libor plus 350 basis points to 375 bps with a 0.5% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

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

Commitments are due on June 15, the source added.

Proceeds will be used for a recapitalization in connection with the company’s initial public offering of common stock.

EverCommerce is a Denver-based service commerce platform.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.