Everforth, Inc. Successfully Completes Refinancing and Upsizes to a New $600 Million Revolving Credit Facility Enhancing Financial Flexibility
Everforth completed a refinancing and upsizing of its credit facility to a new $600 million five-year revolver, extending the maturity date from 2028 to 2031. The leverage-neutral transaction, priced at SOFR plus 175-275 basis points, will refinance the existing $500 million revolver and a $100 million term loan.
Key figures
- Deal Value Usd
- 600000000
- New maturity year
- 2031
- Commitment fee bps
- 30-45
- Pricing spread bps
- 175-275
- Term loan refinanced
- 100000000
- Prior facility amount
- 500000000
AI analysis
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