EVERTEC Announces Pricing of Public Offering by Selling Stockholders

Business Wire

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--

EVERTEC, Inc. (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 emailing prospectus-ny@ny.email.gs.com 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.

About EVERTEC

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.

Forward-Looking Statements

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.

Contact:
Investor Contact
Luis M. Cabrera, 787-773-5302
Senior Vice President
Head of Investor Relations
IR@evertecinc.com
or
Media Contact
Wanda Betancourt, APR, 787-773-5302
Senior Vice President
Communications and Marketing
NewsMedia@evertecinc.com

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