EVERTEC Inc. announced Thursday the pricing of a previously announced underwritten public offering of 20 million shares of its common stock by an affiliate of Apollo Global Management, LLC, Popular Inc., and certain officers and current and former company employees at $22.50 per share.
The underwriters will have a 30-day option to purchase up to an additional 3 million shares of common stock from Apollo at the offering price, minus underwriting discounts and commissions.
The selling stockholders will receive all of the proceeds from the offering, which is expected to close on or about Sept. 18.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as joint bookrunners for the offering. William Blair & Company, L.L.C., Apollo Global Securities, LLC and Popular Securities Inc. are acting as co-managers for the offering.