EVERTEC Secures $185M Incremental Term Loan B to Refinance Revolving Debt
EVTC is trading near its 52-week low of $21.815 (13% above the low).
Summary
EVERTEC, Inc. amended its credit agreement to secure an additional $185 million Term Loan B, using the proceeds to repay existing revolving facility debt and finalize financing for the Dimensa S.A. acquisition.
Key Events · Financing and Capital Events · EVTC
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Secured $185M Incremental Term Loan B
EVERTEC, Inc. obtained $185 million in new Term Loan B commitments through a sixth amendment to its existing credit agreement, dated May 18, 2026.
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Refinancing of Revolving Debt
The proceeds from the new Term Loan B are being used to repay indebtedness outstanding under the company's revolving credit facility.
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Financing for Dimensa S.A. Acquisition
This financing specifically addresses borrowings used in connection with the previously announced acquisition of Dimensa S.A.
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Updated Total Term B Loans
After giving effect to this amendment, the aggregate principal amount of Term B Loans outstanding is $875 million.
Analysis · EVTC · Technology
EVERTEC, Inc. has entered into a sixth amendment to its credit agreement, securing an additional $185 million in Term Loan B commitments. These proceeds are being used to repay outstanding borrowings under the company's revolving credit facility, including debt related to the recently closed acquisition of Dimensa S.A. This transaction rebalances the company's debt structure by converting revolving debt into longer-term debt, providing greater financial stability and clarity regarding the financing of its strategic acquisitions.
At the time of this filing, EVTC was trading at $24.61 on NYSE in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $21.82 to $38.56. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.