EVERTEC, Inc. filed a Form 8-K on November 6, 2026, disclosing that its subsidiary Evertec Group, LLC entered into a seventh amendment to its credit agreement on November 5, 2026, refinancing existing debt facilities and expanding its revolving credit capacity.

Key Highlights

  • Seventh Amendment executed: The amendment to the credit agreement, originally dated December 1, 2022, was signed on November 5, 2026, with Truist Bank as administrative and collateral agent.
  • Term A Facility refinanced: A 2026 Refinancing Term A Facility of $387.8 million aggregate principal was incurred through a cashless roll of the existing Term A Loans.
  • Revolving capacity expanded: The new Revolving Facility provides aggregate commitments of $300.0 million, up from $200.0 million under the prior agreement, including $100 million of incremental revolving commitments.
  • Maturity extended to 2031: The 2026 Refinancing Term A Facility and the Revolving Facility will mature on November 5, 2031, subject to a springing maturity provision tied to any outstanding Term B Loans.
  • Term B Loans outstanding: $875 million aggregate principal amount of Term B Loans remained outstanding as of November 6, 2026, maturing October 30, 2030.
  • Interest rate structure: Borrowings bear interest at either an alternate base rate or SOFR-based rate plus an applicable margin ranging from 1.25% to 2.25% for SOFR loans and 0.25% to 1.25% for alternate base rate loans, depending on the Total Net Leverage Ratio.

EVERTEC's Seventh Credit Amendment: Refinancing and Revolving Facility Expansion

According to the filing, EVERTEC, Inc. (NYSE:EVTC) and its wholly-owned indirect subsidiary Evertec Group, LLC, as borrower, entered into the Seventh Amendment to their Credit Agreement on November 5, 2026. The amendment was executed with a syndicate of lenders and Truist Bank, acting as administrative agent and collateral agent. The company disclosed three primary actions under the amended agreement: a full refinancing of the existing term loan A facility, a full refinancing of the existing revolving credit facility, and the addition of $100 million in incremental revolving credit commitments.

The 2026 Refinancing Term A Facility, totaling $387.8 million in aggregate principal, was incurred through a cashless roll of the Term A Loans outstanding under the prior credit agreement. The combined Revolving Facility now provides $300.0 million in aggregate commitments, replacing the previous $200.0 million. According to the filing, fees, costs, and expenses related to the Seventh Amendment, along with accrued interest and fees on the existing facilities, were paid with cash on hand. Borrowings under the Revolving Facility are permitted to be used for general corporate purposes, including what the agreement defines as Permitted Business Acquisitions.

The filing states that the 2026 Refinancing Term A Facility and Revolving Facility will mature on November 5, 2031, with a springing maturity provision: if any Term B Loans or refinancing indebtedness remain outstanding 91 days prior to their maturity date, the maturity date of the new facilities springs to that earlier date. The existing Term B Loans mature on October 30, 2030, with $875 million aggregate principal outstanding as of November 6, 2026. The filing also notes that the terms of the Existing Credit Agreement otherwise remain "substantively unchanged and in full force and effect," and that the Seventh Amendment does not affect the terms of the Incremental Term B Loans.

What Was Disclosed

EVERTEC disclosed entry into a seventh amendment to its credit agreement, refinancing its Term A and revolving facilities, expanding revolving commitments from $200.0 million to $300.0 million, and extending the maturity of those facilities to November 5, 2031. The filing was signed by Chief Financial Officer Karla Cruz Jusino.