secwatch.observer — SEC 8-K summary
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Issuer:     EVERTEC, Inc. (EVTC)
CIK:        0001559865
Form:       8-K/A
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001140361-24-002170
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Evertec's Sinqia acquisition: pro forma 9M EPS $0.50, 2022 EPS $2.73, financed with $660M debt
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- Purchase price $474.2M ($410.3M cash, 1.2M shares valued at $37.9M, plus $26.0M pre-existing stake).
- Pro forma net income $33.3M (9M 2023) vs Evertec standalone $68.2M; diluted EPS $0.50 vs $1.04.
- Financed with $60M incremental Term A loan and $600M Term B loan at SOFR+3.5%.
- Pro forma revenue $598.4M (9M 2023) vs $500.1M standalone; goodwill increased to $695.0M.
- For FY 2022, pro forma net income $190.7M vs $239.0M standalone; diluted EPS $2.71 vs $3.45.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559865/000114036124002170/0001140361-24-002170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559865/000114036124002170/ef20017992_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-002170

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