Evertec lifts consent fee for $210.5 million 11% senior notes due 2018

By Susanna Moon

Chicago, May 4 - Evertec, LLC and Evertec Finance Corp. increased the consent fee in the solicitation for their $210.5 million principal amount of 11% senior notes due 2018.

Holders who deliver consents will now receive $25 per $1,000 principal amount of notes. The company had originally planned to pay a consent fee of $10 per $1,000 of notes under the offer.

The consent solicitation will expire, as planned, at 5 p.m. ET on May 4. The offer began on April 30.

As previously noted, the issuers are seeking the consent of holders of a majority of the notes to amend the limitation on the restricted payment covenant to allow additional dividend capacity of up to $270 million.

The solicitation agents are Bank of America Merrill Lynch (646 855-3401 or 888 292-0070) and Morgan Stanley & Co. LLC (212 761-1057 or 800 624-1808). The information, tabulation and paying agent is D.F. King & Co. (212 269-5550 or 800 714-3313).

San Juan, Puerto Rico-based Evertec, LLC, formerly known as Evertec, Inc., and its subsidiaries offer transaction and payment processing, merchant acquiring and processing and business process management solutions services in Puerto Rico and in some Caribbean and Latin America countries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.