Evertec Secures $150 Million Term Loan B Facility in Amended Credit Agreement

Reuters12-02

Evertec Secures $150 Million Term Loan B Facility in Amended Credit Agreement

Evertec Inc. has announced the entry into a fifth amendment to its existing credit agreement, originally dated December 1, 2022, with a syndicate of lenders and Truist Bank acting as administrative and collateral agent. Under the amended agreement, Evertec secured an additional $150 million in term loan B commitments, known as the New TLB Facility. The proceeds from this facility were used to repay outstanding debt under the company's revolving credit facility. Borrowings under the New TLB Facility will carry an interest rate based on either an alternate base rate or a forward-looking SOFR term rate, plus an applicable margin of 2.25% for SOFR loans and 1.25% for base rate loans, consistent with the terms of previous Term B Loans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evertec Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001559865-25-000059), on December 02, 2025, and is solely responsible for the information contained therein.

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Under the amended agreement, Evertec secured an additional $150 million in term loan B commitments, known as the New TLB Facility. The proceeds from this facility were used to repay outstanding debt under the company's revolving credit facility. Borrowings under the New TLB Facility will carry an interest rate based on either an alternate base rate or a forward-looking SOFR term rate, plus an applicable margin of 2.25% for SOFR loans and 1.25% for base rate loans, consistent with the terms of previous Term B Loans.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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Under the amended agreement, Evertec secured an additional $150 million in term loan B commitments, known as the New TLB Facility. The proceeds from this facility were used to repay outstanding debt under the company's revolving credit facility. Borrowings under the New TLB Facility will carry an interest rate based on either an alternate base rate or a forward-looking SOFR term rate, plus an applicable margin of 2.25% for SOFR loans and 1.25% for base rate loans, consistent with the terms of previous Term B Loans.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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