June 23, 2018 11:34 AM ET

IT Services

Company Overview of EVO Payments International, LLC

Company Overview

EVO Payments International, LLC provides merchant acquiring and processing solutions for merchants, independent software vendors, financial institutions, independent sales organizations, government organizations, and multinational corporations in North America and Europe. It offers POS terminals and fully integrated software solutions; acquiring and payment transaction processing services; and fraud and loss prevention services. The company also provides various services, such as accelerated funding, advances on future transactions, cash back, check guarantees, dynamic currency conversion, dynamic transaction references, gift and loyalty programs, pre-paid cards, pre-litigation dunning, rece...

Ten Glenlake Parkway

South Tower

Suite 950

Atlanta, GA 30328

United States



Key Executives for EVO Payments International, LLC

Chief Executive Officer
Age: 55
Founder and Chairman
Chief Financial Officer
Age: 38
President of North America
Age: 38
President of Europe & International
Age: 49
Compensation as of Fiscal Year 2017.

EVO Payments International, LLC Key Developments

EVO Payments International, LLC Enters into Restatement Agreement to First Lien Credit Agreement

On June 14, 2018, EVO Payments International, LLC (EPI), entered into a Restatement Agreement to First Lien Credit Agreement (the Restatement Agreement) among EPI, as borrower, the subsidiaries of the borrower identified therein, as guarantors, SunTrust Bank, as administrative agent (in such capacity, the Existing Administrative Agent), Citibank, N.A., as a closing documentation agent (in such capacity, the Lead Arranger), and the lenders party thereto, which amended and restated the First Lien Credit Agreement, dated as of December 22, 2016 (as amended by that certain Incremental Amendment Agreement dated October 24, 2017, as further amended by that certain First Amendment to the Credit Agreement dated as of December 22, 2017, as further amended by First Repricing Amendment dated as of December 22, 2017, as further amended by that certain Second Incremental Amendment Agreement dated April 3, 2018), among, inter alios, EPI, the guarantors described therein, the Existing Administrative Agent and the lenders from time to time party thereto, in its entirety (the Amended and Restated Credit Agreement). The Restatement Agreement extends the maturity of the revolving facility from December 22, 2021 to June 14, 2023, increases the revolving commitment under the Amended and Restated Credit Agreement by $65.0 million, to $200.0 million, and decreases the interest rate margins for the loans under the Amended and Restated Credit Agreement. Borrowings under the Amended and Restated First Lien Credit Facility bear interest at an annual rate equal to, at EPI's option, (a) a base rate, plus an applicable margin or (b) LIBOR, plus an applicable margin. The applicable margin for base rate revolving loans ranges from 0.75% to 2.00% per annum and for LIBOR revolving loans ranges from 1.75% to 3.00% per annum, in each case based upon achievement of certain consolidated leverage ratios. The applicable margin for base rate term loans is 3.25% and for LIBOR term loans is 2.25%, subject to a 25 basis point reduction upon an upgrade to the Company's Credit Rating. In addition to paying interest on outstanding principal, EPI is required to pay a commitment fee to the lenders in respect of the unutilized revolving commitments thereunder ranging from 0.25% to 0.5% per annum based upon achievement of certain consolidated leverage ratios. The Amended and Restated First Lien Credit Facility requires prepayment of outstanding loans, subject to certain exceptions and terms under the intercreditor agreement, with: (1) 100% of the net cash proceeds of non-ordinary course asset sales or other dispositions of assets (including casualty events) by EPI and its restricted subsidiaries, subject to reinvestment rights and certain other exceptions, and (2) 50% of the excess cash flow (subject to step-downs to 25% and 0% based on achievement of certain first lien leverage ratios). Upon a change of control, EPI is required to offer to prepay the loans at par.

EVO Payments International, LLC Presents at ETA Transact 2018, Apr-17-2018

EVO Payments International, LLC Presents at ETA Transact 2018, Apr-17-2018 . Venue: Las Vegas, Nevada, United States. Speakers: Domenico Cirone, Vice President Chargebacks Processing, Theresa Vitello, VP & Assistant General Counsel.

IOU Financial Inc. Partners with EVO Payments International - IOU & EVO to Cross-Promote Funding and Credit Card Processing

IOU FINANCIAL INC. announced its strategic partnership with EVO Payments International. Through this strategic partnership, IOU's direct clients will be able to take advantage of EVO's innovative merchant services solutions, save money, and allocate more capital to growth.

Similar Private Companies By Industry

Company Name Region
BridgePhase, LLC United States
DirecLogix Corp. United States
R & D Industries, Inc. United States
'ike Group Inc. United States
@aquila, Incorporated United States

Recent Private Companies Transactions

December 27, 2017
Merchant Acquiring Business of Liberbank, S.A.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact EVO Payments International, LLC, please visit www.evopayments.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.