EVERTEC cuts credit pricing by 25 basis points
Pricing on the amended facilities was reduced by 25 basis points, and the revolving commitment increased to $300 million.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
EVERTEC, Inc. (EVTC) amended its credit agreement on November 5, 2026, refinancing its existing Term Loan A facility with a $387.8 million facility through a cashless roll and refinancing its existing revolving facility. Revolving commitments are now $300 million, replacing $200 million; the amendment adds $100 million of commitments. Both amended facilities mature November 5, 2031, but maturity moves to 91 days before the Term B Loans’ maturity if any Term B Loans or related refinancing debt remain outstanding on that date. Term B Loans mature October 30, 2030, with $875 million outstanding as of November 6, 2026.
The company said pricing on each facility was reduced by 25 basis points compared with the prior pricing grid. Borrowing rates may be an alternate base rate or the forward-looking SOFR term rate, plus margins based on the Total Net Leverage Ratio. Fees, costs, expenses, accrued interest and fees on existing facilities were paid with cash on hand. Revolving borrowings may be used for general corporate purposes, including Permitted Business Acquisitions.
8-K Event Classification
4 items: 1.01, 2.03, 7.01, 9.01
4 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
2026 Refinancing Term A Facility: $387.8 million
Revolving commitments: $300 million
Prior revolving commitments: $200 million
+5 more
8 metrics
2026 Refinancing Term A Facility
$387.8 million
Aggregate principal amount incurred through a cashless roll.
Revolving commitments
$300 million
Aggregate commitments under the Amended Credit Agreement.
Prior revolving commitments
$200 million
Commitments under the Existing Credit Agreement.
Additional revolving commitments
$100 million
Aggregate principal amount of the incremental revolving facility.
Term B Loans outstanding
$875 million
As of November 6, 2026.
Pricing reduction
25 basis points
Compared with the prior pricing grid for each facility.
SOFR term rate loan applicable margin
1.25% to 2.25%
Based on the Total Net Leverage Ratio.
Alternate base rate loan applicable margin
0.25% to 1.25%
Based on the Total Net Leverage Ratio.
Key Terms
cashless roll, Total Net Leverage Ratio, SOFR term rate, Permitted Business Acquisitions
4 terms
cashless roll financial
"incurred through a cashless roll of the Term A Loans"
Total Net Leverage Ratio financial
"applicable margin ... is based on the Total Net Leverage Ratio"
Total net leverage ratio measures how much a company owes after using its cash, compared with the cash it generates in a year; it is usually calculated by subtracting cash from total debt and dividing that net debt by annual operating cash flow or earnings. Investors use it like a debt-to-income check for a household — a higher number means the company may struggle to cover obligations and is riskier, while a lower number suggests more cushion and financial flexibility.
SOFR term rate financial
"a rate based on the forward-looking SOFR term rate"
Permitted Business Acquisitions technical
"including Permitted Business Acquisitions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How large is EVTC’s revolving facility after the amendment?
EVTC’s revolving commitments are $300 million, replacing the prior $200 million of commitments. The amendment provides an additional $100 million of revolving commitments; the incremental facility is fungible with and part of the same class as the replacement revolving facility.
What interest rate margins apply to EVTC’s amended credit facilities?
Borrowings under the 2026 Refinancing Term A Facility and Revolving Facility may bear an alternate base rate or the forward-looking SOFR term rate, plus a margin tied to the Total Net Leverage Ratio. Margins range from 1.25% to 2.25% for SOFR term rate loans and 0.25% to 1.25% for alternate base rate loans.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 5, 2026
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
| (State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification number) | ||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
(787 ) 759-9999
(Registrant’s telephone number, including area code)
Not applicable
(Former name, former address and former fiscal year, if changed since last report)
COMMISSION FILE NUMBER 001-35872
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01 | Entry into a Material Definitive Agreement. | ||||
Amendment to Credit Agreement
On November 5, 2026, Evertec, Inc. (“Evertec” or the “Company”), 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 seventh amendment (the “Seventh Amendment”) to that Credit Agreement, dated as of December 1, 2022 (as amended by that First Amendment to Credit Agreement, dated as of October 30, 2023, as amended by that Second Amendment to Credit Agreement, dated as of May 16, 2024, as amended by that Third Amendment to Credit Agreement, dated as of November 26, 2024, as amended by that Fourth Amendment to Credit Agreement, dated as of August 12, 2025, as amended by that Fifth Amendment to Credit Agreement, dated as of November 25, 2025, as amended by that Sixth Amendment to Credit Agreement, dated as of May 18, 2026, the “Existing Credit Agreement” and, as amended by the Seventh Amendment, the “Amended Credit Agreement”), with a syndicate of lenders and Truist Bank (“Truist”), as administrative agent and collateral agent. Capitalized terms used in this Item 1.01 and not otherwise defined herein shall have the meanings ascribed to such terms in the Amended Credit Agreement.
Under the Amended Credit Agreement, a syndicate of financial institutions and other lenders (i) fully refinanced the Borrower’s existing term loan A facility (the “2026 Refinancing Term A Facility”), (ii) fully refinanced the Borrower’s existing revolving credit facility (the “2026 Replacement Revolving Facility”) and (iii) provided additional revolving credit facility commitments in an aggregate principal amount of $100 million (the “2026 Incremental Revolving Facility” and together with the 2026 Replacement Revolving Facility, the “Revolving Facility”). The 2026 Incremental Revolving Facility is fungible with, and constitutes a single class with, the 2026 Replacement Revolving Facility, and has the same interest rate, maturity and other material terms applicable thereto.
The 2026 Refinancing Term A Facility and the Revolving Facility will mature on November 5, 2031, provided that if any Term B Loans (or refinancing indebtedness in respect thereof) remain outstanding on the date that is 91 days prior to their maturity date, the maturity will spring to that earlier date. The Term B Loans mature on October 30, 2030 and $875 million aggregate principal amount of Term B Loans is outstanding as of November 6, 2026. The 2026 Refinancing Term A Facility, in an aggregate principal amount of $387.8 million, was incurred through a cashless roll of the Term A Loans outstanding under the Existing Credit Agreement. The Revolving Facility provides for aggregate commitments of $300.0 million, which replaced the $200.0 million of revolving commitments under the Existing Credit Agreement. Fees, costs and expenses incurred in connection with the Seventh Amendment, together with accrued interest and fees on the existing facilities, were paid with cash on hand. Borrowings under the Revolving Facility will be used for general corporate purposes, including Permitted Business Acquisitions.
Pursuant to the Amended Credit Agreement, borrowings under the 2026 Refinancing Term A Facility and the Revolving Facility bear interest at a rate per annum equal to, at the Borrower’s option, either (a) an alternate base rate or (b) a rate based on the forward-looking SOFR term rate administered by CME Group Benchmark Administration Limited (or any successor administrator satisfactory to the Administrative Agent) plus, in each case, an applicable margin. The applicable margin for the 2026 Refinancing Term A Facility and the Revolving Facility is based on the Total Net Leverage Ratio, that ranges between 1.25% and 2.25% for SOFR term rate loans and between 0.25% and 1.25% for alternate base rate loans.
Except as described above, the terms of the Existing Credit Agreement remain substantively unchanged and in full force and effect, and the terms of the Incremental Term B Loans are not affected by the Seventh Amendment.
Certain of the lenders and their affiliates have provided, and may in the future provide, commercial banking, investment banking and other services to the Company and its affiliates, for which they have received, and may receive, customary fees.
The foregoing description of the Seventh Amendment and Amended Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Seventh Amendment (including the Amended Credit Agreement, a copy of which is attached thereto as Exhibit A), a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. | ||||
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
| Item 7.01 | Regulation FD Disclosure. | ||||
On November 6, 2026, the Company issued a press release announcing the entry into the Seventh Amendment described in Item 1.01 above. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information contained in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. | ||||
| Number | Exhibit | ||||
| 10.1# | Seventh Amendment to Credit Agreement, dated as of November 5, 2026, among EVERTEC, Inc., EVERTEC Group, LLC, the lenders party thereto from time to time, and Truist Bank, as administrative agent, collateral agent, swingline lender and an L/C issuer | ||||
| 99.1 | Press release titled “EVERTEC Announces Renewal and Extension of Credit Facility”, dated November 6, 2026 | ||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) | ||||
# Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the SEC upon request.
SIGNATURES
Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVERTEC, Inc. | ||||||||
| (Registrant) | ||||||||
| Date: November 6, 2026 | By: | /s/ Karla Cruz Jusino | ||||||
| Karla Cruz Jusino | ||||||||
| Chief Financial Officer | ||||||||
Exhibit 99.1
EVERTEC Announces Renewal and Extension of Credit Facility
Transaction extends debt maturity, reduces borrowing costs and enhances financial flexibility
SAN JUAN, PUERTO RICO, November 6, 2026 – EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”), a leading financial technology company in Latin America and the Caribbean, today announced that it has entered into an amended and restated credit agreement that extends the maturity of its Term Loan A and revolving credit facilities and provides the Company with continued financial flexibility to support its strategic priorities.
Under the amended agreement, EVERTEC’s approximately $388 million Term Loan A has been extended for up to five years, while pricing on the facility has been reduced by 25 basis points compared with the prior pricing grid. The revolving credit facility was also extended and repriced 25 basis points lower, while its capacity increased from $200 million to $300 million, enhancing available liquidity and financial flexibility.
“We are very pleased with the terms of our renewed credit facilities and the strong support we received from our banking partners,” said Karla Cruz-Jusino Chief Financial Officer of EVERTEC. “The transaction extends our maturity profile, lowers our borrowing costs and provides additional financial flexibility as we continue to execute our strategy and pursue disciplined growth across Puerto Rico and Latin America.”
Truist Bank served as administrative agent and collateral agent in connection with the facilities.Truist Securities, Inc., Banco Popular de Puerto Rico, Citizens Bank, N.A, FirstBank Puerto Rico, Fifth Third Bank, National Association, and The Huntington National Bank acted as joint lead arrangers.
About EVERTEC
EVERTEC, Inc. (NYSE: EVTC) is a leading full-service transaction processing business and financial technology provider in Latin America and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment processing and business process management services across 29 countries and territories. EVERTEC owns and operates the ATH network, which we believe is one of the leading personal identification number (“PIN”) debit networks in the Caribbean and Latin America. In addition, EVERTEC provides a comprehensive suite of services for core bank processing and cash processing in Puerto Rico and technology outsourcing in the regions the Company serves. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations, and government agencies with solutions that are essential to their operations, enabling them to issue, process and accept transactions securely. For more information, visit www.evertecinc.com.
Exhibit 99.1
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of, and subject to the protection of, the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding our strategy and expected growth, are forward-looking statements. Words such as “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” and “plans” and similar expressions of future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts.
Various factors that could cause actual future results and other future events to differ materially from those estimated by management include, but are not limited to the factors set forth under “Part 1, Item 1A. Risk Factors,” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2026. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless it is required to do so by law.
Contact
Lily Arteaga
Investor Relations
(787) 773-5442
IR@evertecinc.com