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Prospect News home > News index > List of issuers E > Headlines for Evertec, Inc. > News item |
Evertec to start roadshow Thursday for $220 million seven-year notes
By Paul A. Harris
St. Louis, Sept. 15 - Evertec, Inc. will start a roadshow on Thursday for its $220 million offering of seven-year senior notes (expected ratings Caa1/B-), according to an informed source.
The deal is expected to price during the week ahead.
Bank of America Merrill Lynch and Morgan Stanley & Co. are the joint bookrunners for the Rule 144A with registration rights offering.
The notes come with three years of call protection and a 101% poison put.
Proceeds will be used to fund the acquisition of a 51% stake in Evertec by Apollo Group.
Evertec is a San Juan, Puerto Rico-based provider of transaction processing, payment processing, merchant acquiring and other related services in Puerto Rico and certain countries within the Caribbean and Central and Latin America.
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