---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-035628"
form_type: "8-K"
ticker: "EVTC"
cik: "0001559865"
company_name: "EVERTEC, Inc."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T04:56:02.154262+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Evertec to acquire Sinqia for ~$591M enterprise value; raises FY 2023 revenue and EPS guidance

## Summary
- Acquires Sinqia for R$27.19/share (~24% premium); enterprise value R$2,835M (~$591M); 90% cash/10% stock; closing expected Q4 2023.
- Q2 2023 preliminary revenue $166-167M (vs $160.6M prior year); adjusted EPS $0.70-0.72 (vs $0.67).
- FY 2023 revenue guidance raised to $652-658M (prev $644-652M); adjusted EPS raised to $2.75-2.83 (prev $2.59-2.68).
- Board authorized $150M share repurchase program through Dec 2024; declared $0.05 quarterly dividend payable Sept 1, record July 31.
- Transaction financed with $600M committed debt; expected breakeven to slightly accretive to 2024 adjusted EPS, accretive in 2025.

## SEC filing metadata
- accession: 0001140361-23-035628
- form_type: 8-K
- ticker: EVTC
- cik: 0001559865
- company_name: EVERTEC, Inc.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1559865/000114036123035628/0001140361-23-035628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1559865/000114036123035628/brhc20056187_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-035628
- JSON: https://secwatch.observer/filing/0001140361-23-035628.json
- Plain text: https://secwatch.observer/filing/0001140361-23-035628.txt

## Key facts
- Earnings Releases
  EVERTEC, Inc. reported preliminary financial results for the second quarter ended June 30, 2023.
  - Period: the second quarter ended June 30, 2023
  - Result: preliminary results
  source text: On July 20, 2023, in connection with the announcement of the Transaction, the Company issued a press release announcing certain preliminary results for the second quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1559865/000114036123035628/0001140361-23-035628-index.htm
- Material Agreements
  EVERTEC, Inc. entered into Merger Agreement and Other Covenants with Sinqia S.A. valued at R$24.47 per Sinqia share plus BDRs representing 0.014354 Evertec share (effective 2023-07-20).
  - Action: entry
  - Agreement: merger
  - Counterparty: Sinqia S.A.
  - Value: R$24.47 per Sinqia share plus BDRs representing 0.014354 Evertec share
  - Effective: 2023-07-20
  source text: Item 1.01. Entry into a Material Definitive Agreement. Merger Agreement On July 20, 2023, EVERTEC, Inc. (“ Evertec ” or the “ Company ”), entered into a Merger Agreement and Other Covenants (the “ Merger Agreement ”), by and among Evertec Brasil Informática S.A, a wholly-owned subsidiary of Evertec (“ Evertec BR ”), Sinqia S.A., a publicly held company incorporated and existing in accordance with the laws of the Federative Republic of Brazil (“ Sinqia ”), and certain other Key Shareholders (as defined therein), as shareholders of Sinqia.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1559865/000114036123035628/0001140361-23-035628-index.htm

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