secwatch.observer — SEC 8-K summary
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Issuer:     EVERTEC, Inc. (EVTC)
CIK:        0001559865
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001140361-23-035628
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559865/000114036123035628/0001140361-23-035628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559865/000114036123035628/brhc20056187_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-035628

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer