EVO Payments lifts revolver to $200 million, extends maturity to 2023

By Sarah Lizee

Olympia, Wash., June 14 – EVO Payments International, LLC restated its first-lien credit agreement on Thursday with SunTrust Bank as administrative agent to extend the maturity of its revolving credit facility, increase commitments and decrease interest rate margins, according to an 8-K filing with the Securities and Exchange Commission.

The maturity date was extended to June 14, 2023 from Dec. 22, 2021 and the revolving commitment was increased by $65 million to $200 million.

Borrowings bear interest at Libor plus a margin that ranges from 175 basis points to 300 bps and the commitment fee ranges from 25 bps to 50 bps, both based on the consolidated leverage ratio.

EVO Payments is an Atlanta-based payments processor and acquirer for merchants, independent sales organizations, financial institutions, government organizations and multinational corporations.

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