ATLANTA, April 03, 2019 (GLOBE NEWSWIRE) -- EVO Payments, Inc. (NASDAQ: EVOP) announced today the pricing of an underwritten offering of 5,000,000 shares of Class A common stock at a price to the public of $26.50 per share, pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission. The Company has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of Class A common stock. The offering is expected to close on April 8, 2019, subject to customary closing conditions.
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 offering (other than shares sold pursuant to the underwriters’ option to purchase additional shares) to purchase (i) LLC interests in EVO Investco, LLC and paired shares of the Company’s Class D common stock from entities 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 offering and as representative of the underwriters. Barclays, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Goldman Sachs & Co. LLC, SunTrust Robinson Humphrey and William Blair are acting as book-running managers for the offering.
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.
