Cahill Represents Truist Bank and Truist Securities in $615 Million Credit Facility for Evertec Group, LLC
Cahill represented Truist Bank and Truist Securities in connection with a $415,000,000 term loan A credit facility and a $200,000,000 revolving credit facility for Evertec Group, LLC. Proceeds from the credit facilities drawn on the closing date were used to refinance the borrower’s existing credit facilities and for the payment of fees and expenses payable in connection with the transactions. Proceeds from the revolving credit facility drawn from time to time after the closing date will be used for general corporate purposes. Evertec, Inc., the parent company of Evertec Group, LLC, is publicly traded on The New York Stock Exchange under the symbol EVTC and is a leading full-service transaction-processing business in Puerto Rico, the Caribbean and Latin America, providing a broad range of merchant acquiring, payment services and business process management services serving 26 countries out of 11 offices, including its headquarters in Puerto Rico.