EVERTEC, Inc. (NYSE:EVTC) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
received U.S. federal bank regulatory approval on June 1, 2017
for the acquisition of EFT Group S.A., a Chilean-based company
known commercially as PayGroup at a purchase price of
approximately CLP 26,918 million, or approximately US$ 40 million
at current exchange rates, subject to customary adjustments. The
transaction is subject to customary closing conditions and is
anticipated to close during the third quarter of 2017. EVERTEC
expects to fund the purchase using a combination of cash on hand
and funds borrowed under the existing revolving line of credit.
above is attached as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated by reference herein.
Exhibit 99.1) shall not be deemed filed for purposes of Section
18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section, nor shall
it be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, except as expressly set forth
by specific reference in such a filing.
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Exhibits.>
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Exhibit
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99.1
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Press Release re: EVERTEC receives approval on PayGroup
Acquisition. |
About EVERTEC, Inc. (NYSE:EVTC)
EVERTEC, Inc., formerly Carib Latam Holdings, Inc., is a full-service transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. It has three segments: Merchant Acquiring, Payment Processing and Business Solutions. It provides services to merchants that allow them to accept electronic methods of payment, such as debit, credit, prepaid and electronic benefit transfer cards, carrying the ATH, Visa, MasterCard, Discover and American Express brands. It provides a suite of payment processing products and services to blue chip regional and global corporate customers, government agencies and financial institutions across Latin American and the Caribbean. It provides a suite of business process management solutions, which include core bank processing, network hosting and management, information technology (IT) consulting services, business process outsourcing, item and cash processing, and fulfillment.
