secwatch.observer — SEC 8-K summary
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Issuer:     EVERTEC, Inc. (EVTC)
CIK:        0001559865
Form:       8-K
Filed at:   2026-11-06T11:06:11+00:00
Accession:  0001628280-26-071284
Event type: debt
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Evertec reprices and extends $388M Term Loan A to 2031, lifts revolver to $300M
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- Seventh Amendment, dated Nov 5, 2026, fully refinances the $387.8M Term Loan A via a cashless roll and replaces the $200M revolver with $300M of commitments.
- Both the refinanced Term A and the revolver mature Nov 5, 2031; $875M of Term B loans (maturing Oct 30, 2030) trigger a springing maturity 91 days before that date.
- Pricing cut 25 bps: margin now 1.25%-2.25% over the CME forward-looking SOFR term rate and 0.25%-1.25% over alternate base rate, tied to Total Net Leverage Ratio.
- Truist Bank is administrative and collateral agent; joint lead arrangers include Truist Securities, Banco Popular de Puerto Rico, Citizens, FirstBank Puerto Rico, Fifth Third and Huntington.
- Amendment fees, costs and accrued interest were paid with cash on hand; revolver borrowings are for general corporate purposes, including Permitted Business Acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559865/000162828026071284/0001628280-26-071284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559865/000162828026071284/evtc-20261105.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-071284

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