Evertec starts roadshow for $400 million eight-year bullet notes

By Paul A. Harris

Portland, Ore., June 16 – Evertec, Inc. began a roadshow on Monday for its $400 million offering of non-callable eight-year senior secured notes (expected ratings B1/BB-), according to a market source.

The Rule 144A and Regulation S for life deal is set to price on Friday.

J.P. Morgan Securities LLC and BofA Merrill Lynch are the joint bookrunners.

The San Juan, Puerto Rico-based company plans to use the proceeds to repay its term loan B in full.

Evertec is a full-service transaction processing business that operates in Latin America.

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