EVERTEC Closes on the Acquisition of Sinqia, a Leading Provider of Software Solutions for Financial Institutions in Brazil

EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire Sinqia, S.A. (“Sinqia”), a leading player in the market of software for financial services in Brazil.

Mac Schuessler, President and Chief Executive Officer stated, “We are excited about the future of Evertec and Sinqia. Together we will build a full-service technology company focused on providing the best products and services to our clients throughout the region. This transaction completes another important step in our strategic objective of becoming the Fintech for the LATAM region and will now focus on ensuring a successful integration.”

As previously disclosed, Evertec obtained debt financing commitments to acquire Sinqia, and pay related fees and expenses. In connection with the closing of this transaction, on October 30, 2023, the Company entered into a first amendment to the existing credit agreement dated as of December 1, 2022. Under this amendment, Banco Popular de Puerto Rico and FirstBank Puerto Rico provided additional term loan A commitments amounting to $60,000,000 and a syndicate of financial institutions and other lenders provided a new tranche of term loan B commitments in the amount of $600,000,000. The interest rate on the additional term loan A will be the same as set forth in the existing credit agreement, while the interest rate on the new term loan B will be based on SOFR plus 3.50% for SOFR loans and 2.50% for base rate loans.

Advisors

Evercore, Seneca Evercore and Goldman Sachs served as lead financial advisors to Evertec. Truist Securities also served as a financial advisor to Evertec. Latham & Watkins and Mattos Filho served as legal advisors to Evertec. The debt financing was arranged by Truist Securities, Inc., Citizens Bank, N.A. and Fifth Third Bank, N.A. as Joint Lead Arrangers.

About Evertec

EVERTEC, Inc. (NYSE: EVTC) is a leading full-service transaction processing business in Latin America, Puerto Rico and the Caribbean, providing a broad range of merchant acquiring, payment services and business process management services. Evertec owns and operates the ATH network, one of the leading personal identification number (“PIN”) debit networks in Latin America. In addition, the Company processes over six billion transactions annually and manages a system of electronic payment networks in Puerto Rico and Latin America and offers a comprehensive suite of services for core banking, cash processing, and fulfillment in Puerto Rico. Additionally, the Company offers technology outsourcing and payment transactions fraud monitoring to all the regions it serves. Based in Puerto Rico, the Company operates in 26 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations and government agencies with “mission-critical” technology solutions. For more information, visit www.evertecinc.com.