Popular Sells 5.8M Shares of EVERTEC in Secondary Public Offering
On December 13, 2013, Popular (NASDAQ: BPOP) completed
the sale of 5,800,000 shares of common stock of EVERTEC (NYSE: EVTC). The shares were sold to the public as part of
an underwritten public offering of 15,233,273 shares of EVERTEC's common
stock at $20.60 per share. The selling stockholders included an
affiliate of Apollo Global Management, LLC (“Apollo”), Popular, Inc.
(“Popular”), and certain officers and employees of EVERTEC. Apollo sold
9,205,743 million shares of EVERTEC. Following the sale, Popular
retained a stake of 14.9% in EVERTEC.