Loan & DebtMay 20, 2026, 05:32 PM
Evertec Secures $185M Incremental Term B Loan
AI Summary
Evertec, Inc. entered into a Sixth Amendment to its Credit Agreement on May 18, 2026, securing an additional $185 million in Term Loan B commitments. The proceeds from this 2026 Incremental TLB were used to repay outstanding indebtedness under the revolving facility, which was incurred in connection with the acquisition of Dimensa, S.A. This incremental loan is fungible with existing Term B Loans, sharing the same interest rate, maturity, and other material terms, bringing the total Term B Loans outstanding to $875 million.
Key Highlights
- Evertec secured a $185 million 2026 Incremental Term B Loan through a Sixth Amendment to its Credit Agreement.
- The proceeds from the 2026 Incremental TLB were used to repay indebtedness outstanding under the revolving facility.
- The repaid revolving facility debt was incurred in connection with the acquisition of Dimensa, S.A.
- The 2026 Incremental TLB is fungible with existing Term B Loans, sharing the same interest rate, maturity, and material terms.
- After this transaction, the aggregate principal amount of Term B Loans outstanding for Evertec is $875 million.
- Truist Bank served as the administrative agent and collateral agent for the amended credit agreement.
- Truist Securities, Citizens Bank, N.A., and Fifth Third Bank, National Association acted as joint lead arrangers.
Price Impact
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