EVERTEC, Inc. (NYSE: EVTC) has successfully repriced its outstanding $540 Term Loan B (TLB) due in 2030, announcing a reduction in interest rate margins from SOFR + 350 basis points to SOFR + 325 basis points. This leverage-neutral repricing aims to enhance the Company’s capital structure and cash flow profile, reflecting strong market demand for its debt.
“We are pleased with the strong market demand for our debt, which provided an opportunity to further improve our capital structure and cash flow profile and demonstrates our strong performance and strong credit profile,” stated Joaquin A. Castrillo-Salgado, Executive Vice-President and Chief Financial Officer.
About EVERTEC
EVERTEC, Inc. (NYSE: EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico, and the Caribbean. The company offers merchant acquiring, payment services, and business process management services, operating the ATH® network—one of Latin America’s foremost PIN debit networks. EVERTEC also provides electronic payment networks, core banking services, cash processing, and fulfillment solutions, processing approximately six billion transactions annually. Headquartered in Puerto Rico, EVERTEC operates across 26 Latin American countries, serving a diverse customer base including financial institutions, merchants, corporations, and government agencies with critical technology solutions. For more information, visit www.evertecinc.com.
Forward-Looking Statements
Certain statements in this release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to safe harbor provisions and involve risks and uncertainties that could cause actual results to differ materially from those projected. Factors include reliance on key relationships, technological dependencies, regulatory changes, economic conditions, and other risks detailed in the Company’s filings with the SEC. The Company disclaims any obligation to publicly update forward-looking statements except as required by law.
