{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-044293","form_type":"8-K","ticker":"EVTC","cik":"0001559865","company_name":"EVERTEC, Inc.","filed_at":"2022-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.148180+00:00","generated_at":"2026-06-21T09:34:07.282037+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"EVERTEC refinances credit facilities with $415M term loan A and $200M revolver due Dec 2027","bullets":["New credit facilities: $415M term loan A and $200M revolver, both maturing Dec 1, 2027; $50M drawn at closing.","Proceeds used to repay existing term loan A and term loan B; prior credit agreement terminated.","Interest rate based on adjusted SOFR + 1.50% at current leverage; spread steps up with higher leverage.","CFO says expanded revolver provides greater flexibility to execute strategic imperatives and M&A.","Truist Securities acted as left lead arranger, administrative agent and collateral agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-044293","json":"https://secwatch.observer/filing/0001140361-22-044293.json","markdown":"https://secwatch.observer/filing/0001140361-22-044293.md","text":"https://secwatch.observer/filing/0001140361-22-044293.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1559865/000114036122044293/0001140361-22-044293-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1559865/000114036122044293/brhc10044962_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T09:34:07.282037+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4cd3d3d7a32b217b42326d1e6272562c54302468","claim":"EVERTEC, Inc. incurred revolving credit of $200.0 million revolving credit facility with Truist Bank, as administrative agent and collateral agent at Adjusted Term SOFR plus an applicable margin of 1.50% per annum maturing December 1, 2027.","evidence_excerpt":"On December 1, 2022 (the “Closing Date”), EVERTEC, Inc., (“EVERTEC” or the “Company”) and EVERTEC Group, LLC, (“EVERTEC Group” or “Borrower”), a wholly owned indirect subsidiary of EVERTEC, entered into a credit agreement (the “Credit Agreement”) with a syndicate of lenders and Truist Bank (“Truist”), as administrative agent and collateral agent, providing for (i) a $415.0 million term loan A facility (the “Term Loan Facility”) and (ii) a $200.0 million revolving credit facility (the “Revolving Facility”, and together with the Term Loan Facility, the “2022 Credit Facilities”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1559865/000114036122044293/0001140361-22-044293-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$200.0 million revolving credit facility"},{"label":"Counterparty","value":"Truist Bank, as administrative agent and collateral agent"},{"label":"Rate","value":"Adjusted Term SOFR plus an applicable margin of 1.50% per annum"},{"label":"Maturity","value":"December 1, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8ec688faac77d492393b4dfc6a4983759eb1708a","claim":"EVERTEC, Inc. incurred term loan of $415.0 million term loan A facility with Truist Bank, as administrative agent and collateral agent at Adjusted Term SOFR plus an applicable margin of 1.50% per annum maturing December 1, 2027.","evidence_excerpt":"On December 1, 2022 (the “Closing Date”), EVERTEC, Inc., (“EVERTEC” or the “Company”) and EVERTEC Group, LLC, (“EVERTEC Group” or “Borrower”), a wholly owned indirect subsidiary of EVERTEC, entered into a credit agreement (the “Credit Agreement”) with a syndicate of lenders and Truist Bank (“Truist”), as administrative agent and collateral agent, providing for (i) a $415.0 million term loan A facility (the “Term Loan Facility”) and (ii) a $200.0 million revolving credit facility (the “Revolving Facility”, and together with the Term Loan Facility, the “2022 Credit Facilities”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1559865/000114036122044293/0001140361-22-044293-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$415.0 million term loan A facility"},{"label":"Counterparty","value":"Truist Bank, as administrative agent and collateral agent"},{"label":"Rate","value":"Adjusted Term SOFR plus an applicable margin of 1.50% per annum"},{"label":"Maturity","value":"December 1, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1bfc62c65fa4fe952ebcfaf9c7063e886ab1a6cd","claim":"EVERTEC, Inc. entered into Credit Agreement with Truist Bank valued at $415.0 million term loan A facility and $200.0 million revolving credit facility (effective 2022-12-01).","evidence_excerpt":"On December 1, 2022 (the “Closing Date”), EVERTEC, Inc., (“EVERTEC” or the “Company”) and EVERTEC Group, LLC, (“EVERTEC Group” or “Borrower”), a wholly owned indirect subsidiary of EVERTEC, entered into a credit agreement (the “Credit Agreement”) with a syndicate of lenders and Truist Bank (“Truist”), as administrative agent and collateral agent, providing for (i) a $415.0 million term loan A facility (the “Term Loan Facility”) and (ii) a $200.0 million revolving credit facility (the “Revolving Facility”, and together with the Term Loan Facility, the “2022 Credit Facilities”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1559865/000114036122044293/0001140361-22-044293-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Value","value":"$415.0 million term loan A facility and $200.0 million revolving credit facility"},{"label":"Effective","value":"2022-12-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}