Everforth upsizes revolver to $600 million and extends maturity to July 2031
On July 7, 2026, Everforth signed a Third Amendment to its credit agreement with Wells Fargo as administrative agent. The revolving credit facility rises from $500.0 million to $600.0 million, its maturity moves from February 14, 2028 to July 7, 2031, and the secured leverage covenant steps down over 2027 and 2028, so the company gains borrowing capacity while accepting tighter covenant limits.
Key points
- Revolver commitments increase from $500.0 million to $600.0 million, and maturity extends from February 14, 2028 to July 7, 2031
- Maturity is pulled forward if 2028 senior unsecured notes above $110.0 million or term B loans remain outstanding 91 days before their stated maturity
- Pricing is Term SOFR plus 1.75 to 2.75 percent or base rate plus 0.75 to 1.75 percent
- Secured leverage covenant steps down from 3.75 to 1.00 to 3.50 to 1.00 from June 30, 2027, then to 3.25 to 1.00 from June 30, 2028
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.