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EVO Payments seeks $95 million incremental term loan at par
By Sara Rosenberg
New York, March 22 – EVO Payments International is in market with a $95 million incremental term loan that is talked with a par issue price, according to a market source.
Pricing on the incremental loan is Libor plus 400 basis points with a 1% Libor floor, in line with existing term loan pricing.
SunTrust Robinson Humphrey Inc. is the lead on the deal that launched without a lender call on Wednesday.
Proceeds will be used to fund acquisitions.
Commitments are due on March 29, the source added.
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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