EVO Payments (EVOP) Announces Proposed 4.5M Share Class A Common Offering
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EVO Payments, Inc. (NASDAQ: EVOP) announced today a proposed underwritten offering of 4,500,000 shares of its 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 to purchase (i) LLC interests in EVO Investco, LLC (“EVO LLC”) and an equivalent number of shares of the Company’s Class B common stock (which shares will then be cancelled) from Blueapple, Inc., (ii) LLC interests in EVO LLC and an equivalent number of shares of the Company’s Class D common stock (which shares will then be cancelled) from entities affiliated with Madison Dearborn Partners, LLC, and (iii) shares of the Company’s Class A common stock from an entity affiliated with Madison Dearborn Partners, LLC.
J.P. Morgan is acting as underwriter for the proposed offering.
The offering will be made only by means of a prospectus supplement to the Company’s prospectus, dated June 3, 2019, filed as part of the Company’s effective shelf registration statement relating to these securities. 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.
Before you invest, you should read the prospectus supplement, the prospectus and other documents filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) for more complete information about the Company and this offering.
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