---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-050923"
form_type: "8-K"
ticker: "EVTC"
cik: "0001559865"
company_name: "EVERTEC, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:12:21.159397+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# EVERTEC completes acquisition of Sinqia, a Brazilian fintech software provider, for ~$409M cash plus stock

## Summary
- Closed acquisition of Sinqia, a leading provider of software solutions for financial institutions in Brazil.
- Shareholders received R$25.45 cash per share plus 0.014354 EVERTEC share via BDRs; total cash payment ~$408.9M.
- Evertec net issued 1,164,592 shares underlying the BDRs; BDRs begin trading on B3 on Nov 3 under ticker EVTC31.
- Financed through $60M incremental term loan A and $600M new term loan B at SOFR+3.50%.
- Company aims to become the full-service fintech for the LATAM region; integration focus now.

## SEC filing metadata
- accession: 0001140361-23-050923
- form_type: 8-K
- ticker: EVTC
- cik: 0001559865
- company_name: EVERTEC, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1559865/000114036123050923/0001140361-23-050923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1559865/000114036123050923/ef20013574_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-050923
- JSON: https://secwatch.observer/filing/0001140361-23-050923.json
- Plain text: https://secwatch.observer/filing/0001140361-23-050923.txt

## Key facts
- Debt Financings
  EVERTEC, Inc. incurred term loan of $600,000,000.00 with syndicate of lenders and Truist Bank at SOFR plus 3.50% or base rate plus 2.50%.
  - Instrument: term loan
  - Principal: $600,000,000.00
  - Counterparty: syndicate of lenders and Truist Bank
  - Rate: SOFR plus 3.50% or base rate plus 2.50%
  - Event: incurrence
  source text: with a syndicate of lenders and Truist Bank (“Truist”), as administrative agent and collateral agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1559865/000114036123050923/0001140361-23-050923-index.htm
- Debt Financings
  EVERTEC, Inc. incurred term loan of $60,000,000.00 with syndicate of lenders and Truist Bank at alternate base rate or SOFR plus applicable margin.
  - Instrument: term loan
  - Principal: $60,000,000.00
  - Counterparty: syndicate of lenders and Truist Bank
  - Rate: alternate base rate or SOFR plus applicable margin
  - Event: incurrence
  source text: with a syndicate of lenders and Truist Bank (“Truist”), as administrative agent and collateral agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1559865/000114036123050923/0001140361-23-050923-index.htm
- M&A Transactions
  EVERTEC, Inc. completed an acquisition involving Sinqia S.A. for approximately $408,881,317 in cash and BDRs representing 1,164,592 Evertec Shares (closed 2023-11-01).
  - Action: acquisition
  - Counterparty: Sinqia S.A.
  - Consideration: approximately $408,881,317 in cash and BDRs representing 1,164,592 Evertec Shares
  - Closing: 2023-11-01
  source text: (“Evertec Shares”). In connection with the closing of the Transaction and after calculating the shareholder base of Sinqia, on or about October 30, 2023, Evertec net issued 1,164,592 Evertec Shares and deposited such Evertec Shares on behalf of Evertec BR to The Bank of New York Mellon as a custodian for Itaú Unibanco S.A. (“Itaú”), in connection with the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1559865/000114036123050923/0001140361-23-050923-index.htm
- Material Agreements
  EVERTEC, Inc. entered into Amendment to Credit Agreement with Truist Bank valued at additional term loan A commitments in the amount of $60,000,000.00 and new tranche of term loan B co (effective 2023-10-30).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Truist Bank
  - Value: additional term loan A commitments in the amount of $60,000,000.00 and new tranche of term loan B co
  - Effective: 2023-10-30
  source text: Evertec, EVERTEC Group, LLC ( “Borrower”), a wholly-owned indirect subsidiary of Evertec, and other Loan Parties (as defined in the Existing Credit Agreement (as defined below)) party thereto, entered into a first amendment (the “Amendment”) to that certain credit agreement, dated as of December 1, 2022 (the “Existing Credit Agreement,” and as amended by the Amendment, the “Amended Credit Agreement”), with a syndicate of lenders and Truist Bank (“Truist”), as administrative agent and collateral agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1559865/000114036123050923/0001140361-23-050923-index.htm

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