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Evertec amends credit agreement, gets $185M

Evertec amends credit agreement, securing $185 million in new term loans. Total debt reaches $875 million.

Benjamin Moore
ByBenjamin Moore- Senior Editor
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Evertec, Inc. (NYSE:EVTC) announced a sixth amendment to its credit agreement.

Under the deal, Truist Bank and a lender syndicate provided $185 million in additional term loans. The funds were used to repay revolving credit debt.

The new loan shares terms with existing debt. Total term loan B outstanding now stands at $875 million.

Evertec is based in Puerto Rico and trades on the NYSE.

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