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Stock impact report

EVERTEC Announces Successful Repricing of Existing Term Loan B

Evertec, Inc. (EVTC) 
Last evertec, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.evertecinc.com
Company Research Source: Business Wire
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced that it has successfully repriced the outstanding $540 Term Loan B (TLB) due in 2030. The repricing is leverage neutral and reduces the interest rate margins applicable to the TLB to SOFR + 325 basis points, a reduction of 25 basis points from SOFR + 350 basis points. No other terms were changed on the TLB.“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 EVERTECEVERTEC, Inc. (NYSE: EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merchant acquiring, payment services and business process manageme Show less Read more
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