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April 28, 2015 3:08 PM ET

IT Services

Company Overview of EVERTEC Group, LLC

Company Overview

EVERTEC Group, LLC operates as a full-service transaction processing business in Latin America and the Caribbean. It provides a range of merchant acquiring, payment processing, and business process management services across 19 countries in the region. The company’s Merchant Acquiring segment provides a suite of services, including underwriting of each merchant’s contract; deployment of POS devices and other equipment necessary to capture merchant transactions; processing of transactions at the point-of-sale; settlement of funds with the participating financial institution detailed sales reports; and customer support. This segment offers services to merchants at approximately 25,000 location...

Cupey Center Building

Road 176 Kilometer 1.3

San Juan, PR 00926

United States

1,660 Employees

Phone:

787-759-9999

Fax:

787-250-7356

Key Executives for EVERTEC Group, LLC

Chief Executive Officer, President and Director
Age: 44
Chief Financial Officer, Principal Accounting Officer and Executive Vice President
Age: 49
Chief Operating Officer and Executive Vice President
Age: 45
Head of Business Solutions and Executive Vice President
Age: 53
Head of Merchant Acquiring Business & Payment Processing and Executive Vice President
Age: 41
Compensation as of Fiscal Year 2014.

EVERTEC Group, LLC Key Developments

EVERTEC, Inc. and Evertec Group, LLC Announces Management Changes

On November 13, 2014, Morgan M. Schuessler, Jr. was appointed President and Chief Executive Officer of EVERTEC, Inc. and EVERTEC Group, LLC, effective January 1, 2015. On November 20, 2014, Peter Harrington resigned from the position of President and Chief Executive Officer of the company and EVERTEC and from the Board of Directors of the company, effective December 31, 2014. Mr. Schuessler has over twenty years of payment industry leadership experience. Mr. Schuessler has served as President of International for Global Payments Inc. overseeing the company’s businesses outside of the Americas since 2012.

Evertec Group Closes Senior Secured Notes Offering

Evertec has elected not to proceed with the previously announced offering by its main operating subsidiary, Evertec Group, of up to $400 million aggregate principal amount of senior secured notes due 2022.

EVERTEC Group, LL Announces Offering of $400 Million of Senior Secured Notes

EVERTEC Inc. announced that its main operating subsidiary, EVERTEC Group, LL intends to offer, subject to market and other conditions, up to $400 million aggregate principal amount of senior secured notes due 2022. The notes are being offered in a private placement to be conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The notes will be senior secured obligations of EVERTEC Group and will be unconditionally guaranteed, jointly and severally by the Company and its existing and future wholly-owned subsidiaries that also guarantee its existing senior secured credit facilities and will be secured on a pari passu basis by a lien on the assets that secure its existing senior secured credit facilities. The company intends to use the net proceeds from the offering to refinance in full its existing term B senior secured credit facility and to pay all fees and expenses related thereto. This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The notes to be offered have not been and will not be registered under the Securities Act, or applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

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