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EVERTEC, LLC (formerly known as EVERTEC, Inc., “EVERTEC” or the “Company”) and EVERTEC Finance Corp. (“Finance Corp,” and together with the Company, the “Issuers”) today announced that they have extended their pending exchange offer (the “Exchange Offer”) to exchange up to $40,000,000 aggregate principal amount of their 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 their outstanding 11% Senior Notes due 2018 which were issued on May 7, 2012 (the “Old Notes”).
The Exchange Offer was scheduled to expire at 12:00 p.m., New York City time, on Friday, August 31, 2012, unless extended. The Issuers have been advised by their exchange agent that, as of 12:00 p.m., New York City time, on August 31, 2012, approximately $39,300,000, or approximately 98%, 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 Friday, September 7, 2012, unless further extended by the Issuers.
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 July 27, 2012, and the Exchange Offer, as extended hereby, remains subject to the terms and conditions stated therein.
About EVERTEC, LLC
EVERTEC, LLC and its subsidiaries are a diversified processing business, offering transaction and payment processing services, merchant acquiring services, and business process management solutions in Puerto Rico and certain countries throughout the Caribbean and Latin America. EVERTEC owns and operates the ATH network, the leading debit payment and automated teller machine (“ATM”) network in Puerto Rico. EVERTEC‘s products and services include point-of-sale processing, network and switch services, ATM driving services, core bank processing, business process outsourcing solutions, technology infrastructure management, and merchant acquiring services. Headquartered in San Juan, Puerto Rico, EVERTEC has approximately 1,500 employees in seven 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.