UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
September
13, 2013
POPULAR,
INC.
(Exact
name of registrant as specified in its charter)
|
Puerto Rico
|
001-34084
|
66-0667416
|
|
(State or other jurisdiction of
|
(Commission File
|
(IRS Employer Identification
|
|
209 Munoz Rivera Avenue
|
00918
|
|
|
(Address of principal executive offices) |
(Zip code) |
|
(787) 765-9800
|
|
(Registrant's telephone number, including area code) |
|
NOT APPLICABLE
|
|
(Former name, former address and former fiscal year, if changed since last report) |
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 8.01 Other Events
On September 13, 2013, EVERTEC, Inc. (“EVERTEC”) announced the pricing of an underwritten public offering of 20,000,000 shares of its common stock to the public at $22.50 per share by an affiliate of Apollo Global Management, LLC (“Apollo”), Popular, Inc. (“Popular”), and certain officers and current and former employees of EVERTEC. Apollo and Popular sold 10,808,759 million and 9,057,000 million shares of EVERTEC, respectively, retaining a stake of 14.9% and 21.3%, respectively.
Total cash proceeds received by Popular from the sale of the shares will be approximately $197 million, net of underwriting discounts and commissions. Popular will recognize an after tax gain of approximately $169 million during the third quarter of 2013.
The underwriters of the offering will have a 30-day option to purchase up to an additional 3,000,000 shares of common stock from Apollo.
The offering is expected to close on or about September 18, 2013, subject to customary closing conditions.
Popular has issued a press release in connection with the transaction, a copy of which is attached hereto as Exhibit 99.1. Exhibit 99.1 shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any of Popular’s filings under the Securities Act of 1933, as amended, unless otherwise expressly stated in such filing.
Item 9.01 Financial Statements and Exhibits.
The following exhibit shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any of Popular’s filings under the Securities Act of 1933, as amended, unless otherwise expressly stated in such filing.
Exhibit 99.1 Press release dated September 13, 2013
SIGNATURE
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
POPULAR, INC. |
|||
| (Registrant) | |||
|
Date: |
September 13, 2013 |
By: /s/ Jorge J. García |
|
|
Jorge J. García |
|||
|
Senior Vice President and Corporate Comptroller |
|||
Exhibit 99.1
EVERTEC, Inc. Announces Pricing of Secondary Public Offering
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--September 13, 2013--On September 13, 2013, EVERTEC, Inc. (“EVERTEC”) (NYSE:EVTC) announced the pricing of an underwritten public offering of 20,000,000 shares of its common stock to the public at $22.50 per share by an affiliate of Apollo Global Management, LLC (“Apollo”), Popular, Inc. (“Popular”) (NASDAQ:BPOP), and certain officers and current and former employees of EVERTEC. Apollo and Popular sold 10,808,759 million and 9,057,000 million shares of EVERTEC, respectively, retaining a stake of 14.9% and 21.3%, respectively.
Total cash proceeds received by Popular from the sale of the shares will be approximately $197 million, net of underwriting discounts and commissions. Popular will recognize an after tax gain of approximately $169 million during the third quarter of 2013.
The underwriters of the offering will have a 30-day option to purchase up to an additional 3,000,000 shares of common stock from Apollo.
The offering is expected to close on or about September 18, 2013, subject to customary closing conditions.
About Popular, Inc.
Founded in 1893, Popular, Inc. is the leading banking institution by both assets and deposits in Puerto Rico and ranks 36th by assets among U.S. banks. In the United States, Popular has established a community-banking franchise providing a broad range of financial services and products with branches in New York, New Jersey, Illinois, Florida and California.
For more information, visit http://www.popular.com.
CONTACT:
Popular, Inc.
Investor Relations:
Brett
Scheiner, 212-417-6721
Investor Relations Officer
or
Media
Relations:
Teruca Rullán, 787-281-5170
Mobile:
917-679-3596
Senior Vice President, Corporate Communications