---
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"
generated_at: "2026-06-21T09:34:07.282037+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EVERTEC refinances credit facilities with $415M term loan A and $200M revolver due Dec 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-044293
- JSON: https://secwatch.observer/filing/0001140361-22-044293.json
- Plain text: https://secwatch.observer/filing/0001140361-22-044293.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $200.0 million revolving credit facility
  - Counterparty: Truist Bank, as administrative agent and collateral agent
  - Rate: Adjusted Term SOFR plus an applicable margin of 1.50% per annum
  - Maturity: December 1, 2027
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1559865/000114036122044293/0001140361-22-044293-index.htm
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $415.0 million term loan A facility
  - Counterparty: Truist Bank, as administrative agent and collateral agent
  - Rate: Adjusted Term SOFR plus an applicable margin of 1.50% per annum
  - Maturity: December 1, 2027
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1559865/000114036122044293/0001140361-22-044293-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Truist Bank
  - Value: $415.0 million term loan A facility and $200.0 million revolving credit facility
  - Effective: 2022-12-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1559865/000114036122044293/0001140361-22-044293-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.