EVO Payments Inc. has set a per-share price range for its pending IPO of up to 14 million common shares priced between $14.00 and $16.00 apiece.
The maximum aggregate offering price, assuming it prices at the top of that range, is $257.6 million.
EVO Payments intends to use the net proceeds to purchase LLC interests from EVO Payments International LLC at the IPO price, less underwriting discounts and commissions. EVO Payments International will use the proceeds to repay a portion of the second-lien term loan borrowings under the senior secured credit facilities and to repay in full the deferred purchase price of a prior acquisition, with the remainder to be used for general corporate purposes.
J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., SunTrust Robinson Humphrey Inc., Barclays Capital Inc., Cowen and Co. LLC, Goldman Sachs & Co. LLC, PKO BP Securities, Regions Securities LLC and William Blair & Co. LLC are the underwriters for the offering.
