Evertec, Inc. (NYSE: EVTC) said that it has elected not to proceed with the previously announced offering by its main operating subsidiary, Evertec Group, LLC, of up to USD400m aggregate principal amount of senior secured notes due 2022.
Juan José Román, executive vice president and chief financial officer said: “Evertec was seeking to opportunistically refinance our already strong balance sheet and gain access to longer term, low fixed-rate capital. While we met with significant investor demand, we have chosen not to proceed with the financing given that the cost of capital achievable was not attractive to the company.”
Evertec is a leading full-service transaction processing business in Latin America, providing a broad range of merchant acquiring, payment processing and business solutions services. For more information, visit http://www.evertecinc.com.