Loan & DebtNov 6, 2026, 06:17 AM
Evertec Extends Credit Facility Maturity and Increases Revolving Capacity to $300M
AI Summary
Evertec, Inc. announced the entry into a seventh amendment to its Credit Agreement, effectively refinancing its Term Loan A facility and revolving credit facility. The transaction extends the maturity of both facilities to November 5, 2031, and increases the revolving credit capacity by $100 million to $300 million. The company also reported a reduction in borrowing costs by 25 basis points on both facilities. The refinancing aims to provide continued financial flexibility to support strategic priorities and disciplined growth.
Key Highlights
- Evertec refinanced its Term Loan A facility, originally $387.8 million, extending maturity to November 5, 2031.
- The company's revolving credit facility capacity increased from $200 million to $300 million, also extended to November 5, 2031.
- Borrowings under the new facilities bear interest at SOFR term rate plus an applicable margin ranging from 1.25% to 2.25%.
- The Seventh Amendment to the Credit Agreement was entered into on November 5, 2026.
- The total principal amount of Term B Loans outstanding as of November 6, 2026, was $875 million.
Price Impact
More from EVTC