EVERTEC, Inc. (NYSE:EVTC) (“EVERTEC” or the “Company”)
announced today that Goldman, Sachs & Co. and J.P. Morgan Securities
LLC, joint bookrunners of the Company’s initial public offering in April
2013, have agreed to waive certain lock-up restrictions applicable to
the Company and certain shares of the Company’s common stock. This
waiver will permit the sale of such shares by selling stockholders,
including shares held by certain officers and current and former
employees of the Company, subject to the execution of an underwriting
agreement and new lock-up agreements in connection with the recently
announced proposed offering.
A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About EVERTEC
EVERTEC is the leading full-service transaction processing business
in Latin America and the Caribbean. Based in Puerto Rico, EVERTEC
provides a broad range of merchant acquiring, payment processing and
business process management services across 19 countries in the region.
EVERTEC processes over 1.8 billion transactions annually, and manages
the electronic payment network for over 4,100 automated teller machines
(“ATM”) and over 104,000 point-of-sale payment terminals. EVERTEC
is the largest merchant acquirer in the Caribbean and Central America
and the seventh largest in Latin America. EVERTEC owns and operates the
ATH network, one of the leading ATM and personal identification number
debit networks in Latin America. In addition, EVERTEC provides a
comprehensive suite of services for core bank processing, cash
processing and technology outsourcing. EVERTEC serves a broad and
diversified customer base of leading financial institutions, merchants,
corporations and government agencies with ‘mission critical’ technology
solutions and believes its business is well positioned to continue to
expand across the fast growing Latin American region.
Forward-Looking Statements
The information in this press release contains forward-looking
information that involves substantial risks and uncertainties regarding
the proposed public offering by EVERTEC. EVERTEC assumes no obligation
to update any forward-looking statements contained in this press release
as the result of new information, future events or otherwise.
Copyright Business Wire 2013