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ATLANTA, April 01, 2019 (GLOBE NEWSWIRE) -- EVO Payments, Inc. (NASDAQ: EVOP) (“EVO” or the “Company”) announced today a proposed underwritten offering of 5,000,000 shares of its Class A common stock, pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission. In addition, the Company intends to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of Class A common stock.
The Company intends to use all of the net proceeds received by the Company from the sale of shares of its Class A common stock in the proposed offering (other than shares sold pursuant to the underwriters’ option to purchase additional shares) to purchase (i) LLC interests in EVO Investco, LLC (“EVO LLC”) and paired shares of the Company’s Class D common stock from funds affiliated with Madison Dearborn Partners, LLC and (ii) LLC interests in EVO LLC and paired shares of the Company’s Class B common stock from Blueapple, Inc., in each case at a purchase price per LLC interest and paired share of Class B or D common stock equal to the public offering price per share of Class A common stock less underwriting discounts and commissions. The Company intends to use all of the net proceeds received by the Company from any sale of shares of Class A common stock to the underwriters upon exercise of their option to purchase additional shares to purchase an equivalent number of LLC interests in EVO LLC directly from EVO LLC at a purchase price per LLC interest equal to the public offering price per share of Class A common stock less underwriting discounts and commissions. EVO LLC anticipates that it will use any net proceeds from the sale of LLC interests to the Company to repay borrowings under the Company’s senior secured credit facilities.
J.P. Morgan is acting as the lead book-running manager for the proposed offering and as representative of the underwriters. Barclays, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Goldman Sachs & Co. LLC and SunTrust Robinson Humphrey are acting as book-running managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue Edgewood, New York 11717 Attn: Prospectus Group.
A registration statement on Form S-1 relating to these securities (the “Registration Statement”) has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About EVO Payments, Inc.
EVO Payments, Inc. (NASDAQ: EVOP) is a leading payment technology and services provider. EVO offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across North America and Europe. As a fully integrated merchant acquirer and payment processor in over 50 markets and 150 currencies worldwide, EVO provides competitive solutions that promote business growth, increase customer loyalty, and enhance data security in the international markets it serves.
Forward Looking Statements
This announcement includes forward-looking statements. Forward-looking statements are subject to risks and uncertainty. They are not guarantees of future performance, and the Company’s actual results could differ materially from the expectations expressed or implied in any forward-looking statements. You should not put undue reliance upon them. Words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” “potential,” “near-term,” “long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecast,” “outlook,” “target,” “should,” “could,” “would,” “will” and comparable words are a common way to identify forward-looking statements. Examples of forward-looking statements contained in this release include statements about the Company’s use of proceeds from the proposed offering. Actual results may differ from those contained in any forward-looking statements made in this release for a variety of reasons, including those described in “Risk factors” and “Forward-looking statements” in the Registration Statement and in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the Securities and Exchange Commission.
Sarah Jane Perry
Investor Relations & Corporate Communications Manager