Welcome to our dedicated page for Evertec news (Ticker: EVTC), a resource for investors and traders seeking the latest updates and insights on Evertec stock.
Evertec Inc (EVTC) is a leading provider of transaction processing solutions across Latin America, powering secure payment systems and banking infrastructure for financial institutions, merchants, and governments. This dedicated news hub offers investors and industry professionals timely access to official announcements and strategic developments.
Track critical updates including quarterly earnings reports, technology partnerships, regulatory compliance changes, and market expansion initiatives. Our curated collection ensures transparent access to press releases covering payment processing innovations, merchant acquiring services, and advancements in core banking solutions.
Key updates include new product launches across Evertec's ATH network, strategic collaborations enhancing financial technology ecosystems, and operational milestones in cash processing efficiency. Bookmark this page for streamlined monitoring of EVTC's evolving role in shaping Latin America's digital payment landscape.
EVERTEC (NYSE: EVTC) has successfully repriced its $540 million Term Loan B (TLB), which is due in 2030. The new interest rate is set at SOFR + 325 basis points, down from SOFR + 350 basis points, reducing the cost by 25 basis points. This repricing does not affect the leverage of the company, and no other terms of the loan have been changed. Joaquin A. Castrillo-Salgado, the Executive Vice-President and CFO, highlighted the strong market demand for their debt, which has allowed EVERTEC to improve its capital structure and cash flow profile.
EVERTEC, Inc. (NYSE: EVTC) reported its first quarter 2024 results with revenue increasing by 28% to $205.3 million. GAAP Net Income decreased by 47% to $16.0 million. Adjusted EBITDA went up by 16% to $78.2 million. The company entered into an ASR agreement for $70 million. Overall, Evertec is pleased with its results and continues to expand in Latin America.
