secwatch.observer — SEC 8-K summary
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Issuer:     EVERTEC, Inc. (EVTC)
CIK:        0001559865
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001140361-23-050923
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559865/000114036123050923/0001140361-23-050923-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559865/000114036123050923/ef20013574_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-050923

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