|[September 12, 2013]
EVERTEC Announces Pricing of Public Offering by Selling Stockholders
SAN JUAN, Puerto Rico --(Business Wire)--
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company")
announced today the pricing of a previously announced underwritten
public offering of 20,000,000 shares of its common stock by an affiliate
of Apollo Global Management, LLC ("Apollo"), Popular, Inc., and
certain officers and current and former employees of the Company
(collectively, the "Selling Stockholders") at a price to the
public of $22.50 per share (the "Offering Price"). The
underwriters of the offering will have a 30-day option to purchase up to
an additional 3,000,000 shares of common stock from Apollo at the
Offering Price, less underwriting discounts and commissions. The Selling
Stockholders will receive all of the proceeds from the offering. The
offering is expected to close on or about September 18, 2013, subject to
customary closing conditions.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co.
LLC, Deutsche Bank Securities Inc., BofA Merrill Lynch, Credit Suisse
Securities (USA) LLC and UBS Securities LLC are acting as joint
bookrunners for the offering. William Blair & Company, L.L.C., Apollo
Global Securities, LLC and Popular Securities, Inc. are acting as
co-managers for the offering.
The offering is being made only by means of a prospectus. A copy of the
final prospectus related to this offering, when available, may be
obtained by contacting: Goldman, Sachs & Co., Prospectus Department, 200
West Street, New York, NY 10282, by calling (866) 471-2526, or by
or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or by calling (866) 803-9204.
The registration statement relating to the securities has been declared
effective by the Securities and Exchange Commission. This press release
shall not constitute an offer to sell or the solicitation of an offer to
buy these securities, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
EVERTEC is the leading full-service transaction processing business
in Latin America and the Caribbean. Based in Puerto Rico, EVERTEC
provides a broad range of merchant acquiring, payment processing and
business process management services across 19 countries in the region.
EVERTEC processes over 1.8 billion transactions annually over the
electronic payment networks that it manages. EVERTEC is the
largest merchant acquirer in the Caribbean and Central America and the
seventh largest in Latin America. EVERTEC owns and operates the ATH
network, one of the leading personal identification number ("PIN") debit
networks in Latin America. In addition, EVERTEC provides a comprehensive
suite of services for core bank processing, cash processing and
technology outsourcing. EVERTEC serves a broad and diversified customer
base of leading financial institutions, merchants, corporations and
government agencies with 'mission critical' technology solutions.
The information in this press release contains forward-looking
information that involves substantial risks and uncertainties regarding
the proposed public offering by EVERTEC. EVERTEC assumes no obligation
to update any forward-looking statements contained in this press release
as the result of new information, future events or otherwise.
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