Second Quarter 2023 Earnings Conference Call
Debt Summary Q2 2023
(in USD mm, except per share)
Unrestricted Cash
Total Debt
Term A Loan (2023 Maturity)
Term B Loan (2024 Maturity)
Term A Loan (2027 Maturity)
Revolver (2027 Maturity, $200M)
Other
EVTC Net Debt
Lev Ratio Net Debt(¹)(2)
Weighted Average Interest Rate(³)
Net Debt / Adjusted LTM EBITDA (¹)(2)
Ending Liquidity
L+175bps
L+350bps
S+150bps
S+150bps
14
2023
$191.6
$404.6
0.0
0.0
404.6
0.0
0.0
$213.0
$238.0
5.4%
0.86x
$385.6
June 30,
2022
$288.0
$457.9
163.4
294.2
0.0
0.0
0.3
$169.9
$397.9
5.3%
1.36x
$404.1
(1) Effective December 31, 2022 Senior Secured Leverage Ratio is presented at EVERTEC Inc level for Credit Agreement purposes and considered up to $25 million of unrestricted cash as required by the Credit Agreement dated December 1, 2022.
(2) Until September 30, 2022 Senior Secured Leverage Ratio is presented at EVERTEC Group, LLC level for Credit Agreement purposes and considered up to $60 million of unrestricted cash as required by the Credit Agreement No. 3.
(3) The weighted average interest rate does not consider the impact of the 150 bps applicable to the outstanding letter of credits.
(4) June 30, 2023 Leverage Ratio is based on the EBITDA balances per credit Agreement, which normalizes the impact on the results for business acquisitions and disposition.
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