Evertec expands revolving credit facility to $300 million from $200 million
EVTC•Evertec amended its credit agreement, increasing revolving credit capacity to $300 million from $200 million and lowering its pricing by 25 basis points. The approximately $388 million Term Loan A was extended for up to five years, with pricing also reduced by 25 basis points.
1. Credit agreement amended
Evertec entered an amended and restated credit agreement extending its Term Loan A and revolving credit facilities. The approximately $388 million Term Loan A was extended for up to five years, with pricing reduced by 25 basis points. Revolving credit capacity rose to $300 million from $200 million, with pricing also lowered by 25 basis points. Truist Bank served as administrative agent and collateral agent.
