8/104 sources · 3 publishersUpdated Nov 6, 11:56 UTC
Evertec refinances term loan and expands revolving credit facility to $300 million
Evertec Inc. signed an amended and restated credit agreement that extends its Term Loan A and revolving credit facility. The term loan, approximately $387.8 million, was extended for up to five years, while the revolving facility was increased from $200 million to $300 million. Pricing on both facilities was lowered by 25 basis points, and Truist Bank acted as administrative and collateral agent.
Why it matters
The company said the transaction lengthens its debt maturity profile, cuts borrowing costs and adds financial flexibility, which should improve liquidity and reduce financing expenses for investors.
Key facts
- 1The amended facilities total $387.8 million for Term Loan A and $300 million for the revolving credit facility, maturing in 2031. tradingview.com
- 2Term Loan A was extended for up to five years. investing.com
- 3Revolving credit facility capacity increased from $200 million to $300 million. investing.com
- 4Pricing on both the term loan and revolving facility was reduced by 25 basis points. investing.com
- 5Truist Bank served as administrative and collateral agent for the facilities. investing.com
- 6Chief Financial Officer Karla Cruz‑Jusino said the transaction extends the maturity profile, lowers borrowing costs and provides additional financial flexibility. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.