Evertec entered into a seventh amendment to its credit agreement, fully refinancing the existing Term Loan A facility with an aggregate principal amount of $387.8 million through a cashless roll. The transaction also replaced the revolving credit facility, increasing commitments from $200 million to $300 million and extending maturity for both facilities to November 5, 2031. Borrowings under the new Term A and Revolving Facilities bear interest based on SOFR or an alternate base rate plus applicable margins ranging between 1.25% and 2.25%. The company paid fees and accrued interest using cash on hand, while borrowings under the revolving facility are available for general corporate purposes and permitted business acquisitions. Evertec is a leading financial technology provider in Latin America and the Caribbean offering transaction processing and payment services.
