EVERTEC announced that it has extended its pending exchange offer (the “Exchange Offer”) to exchange up to $220,000,000 aggregate principal amount of its 11% Senior Notes due 2018 (the “Exchange Notes”) that have been registered under the Securities Act of 1933, as amended, for a like principal amount of its outstanding 11% Senior Notes due 2018 (the “Old Notes”).
The Exchange Offer was originally scheduled to expire at 5:00 p.m., New York City time, on August 31, 2011, unless extended. EVERTEC has been advised by its exchange agent that, as of the close of business on August 31, 2011, approximately $168,325,000, or approximately 77.1%, of the Old Notes, have been confirmed as tendered in exchange for a like principal amount of the Exchange Notes. The new expiration date for the Exchange Offer is 5:00 p.m., New York City time, on September 7, 2011, unless further extended by EVERTEC.
This announcement is not an offer to exchange, or the solicitation of an offer to exchange, with respect to the Old Notes. The Exchange Offer is being made solely by a prospectus dated August 2, 2011, and the Exchange Offer, as extended hereby, remains subject to the terms and conditions stated therein.
About EVERTEC, Inc.
EVERTEC, Inc. is a diversified processing business, offering transaction and payment processing, merchant acquiring and processing and other related services in Puerto Rico and certain countries within the Caribbean and Latin America. EVERTEC owns and operates the ATH network, the leading debit payment and ATM network in Puerto Rico. EVERTEC’s products and services include point-of-sale processing, network and switch services, automated teller machine driving services, core bank processing, business process outsourcing solutions, technology infrastructure management, financial services applications and merchant acquiring services. Headquartered in San Juan, Puerto Rico, EVERTEC has approximately 1,700 employees in 6 countries throughout the Caribbean and Latin America. EVERTEC is 51% owned by an affiliate of Apollo Global Management, LLC, a leading private equity and capital markets investor, and 49% owned by Popular, Inc., the largest financial institution in Puerto Rico and the Caribbean. For more information about EVERTEC, please visit www.evertecinc.com.