Everforth announced the completion of a refinancing transaction that increases its revolving credit facility from $500 million to $600 million, providing the technology and digital engineering company with additional financial flexibility to support its long-term growth strategy.
The new five-year revolving credit facility extends Everforth’s debt maturity from 2028 to 2031. The company said the larger facility strengthens its liquidity position and supports a disciplined approach to capital allocation, including potential investments in organic growth and other strategic initiatives.
Borrowings under the new revolving credit facility will carry interest at the Secured Overnight Financing Rate, or SOFR, plus a margin ranging from 175 to 275 basis points. The applicable margin will depend on Everforth’s secured leverage levels.
Everforth will also pay a commitment fee ranging from 30 to 45 basis points on the undrawn portion of the facility.
The new credit facility will be used to refinance Everforth’s previous $500 million revolving credit facility and its $100 million Term Loan A. The company described the transaction as leverage neutral, meaning the refinancing does not increase its overall leverage despite expanding the size of its available revolving credit capacity.
Wells Fargo Securities, Truist Securities, BofA Securities, and JPMorgan Chase Bank led the refinancing transaction.
Everforth said the refinancing reflects the strength of its balance sheet and its ability to consistently generate free cash flow. The company believes the expanded facility will give it greater flexibility to pursue growth while continuing to allocate capital in ways intended to benefit shareholders.
The company also scheduled its second-quarter 2026 earnings conference call for July 29, 2026, at 4:30 p.m. Eastern Time. Everforth plans to publish its financial results and prepared remarks before the call.
Everforth provides technology and digital engineering services to commercial and federal customers. Its six primary solution areas include artificial intelligence and data, cloud and infrastructure, application and digital engineering, customer experience, cybersecurity, and enterprise platforms.
KEY QUOTE:
“The successful refinancing and upsizing of our credit facility reflects the strength of our balance sheet, the durability of our free cash flow generation, and confidence in Everforth’s long-term growth strategy. With enhanced financial flexibility and a disciplined approach to capital allocation, we are well positioned to support future growth while continuing to deploy capital in the best interests of our stockholders.”
Ted Hanson, Chief Executive Officer of Everforth
