EVO Provides COVID-19 Update and Announces a $150 Million Additional Investment from Madison Dearborn Partners
EVO Payments, Inc. - Class A (EVOP)
Last evo payments, inc. - class a earnings: 2/27 07:00 am
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Source: GlobeNewswire
Stock sale proceeds to be used to repay debt and fund potential future investment opportunitiesCost reduction initiatives implementedFiscal 2020 outlook withdrawn ATLANTA, March 29, 2020 (GLOBE NEWSWIRE) -- EVO Payments, Inc. (NASDAQ: EVOP) (“EVO” or “the Company”), a leading payment technology and services provider, announced today that it has received a $150 million investment from funds affiliated with Madison Dearborn Partners, LLC (“MDP”), a leading private equity firm that has been a significant shareholder of the Company since 2012. MDP’s added resources will strengthen EVO’s financial profile and enable the Company to remain focused on future strategic initiatives as it navigates the global COVID-19 pandemic. “We have taken decisive measures to ensure our business is best positioned to continue to serve our valued customers throughout this global pandemic,” said James G. Kelly, EVO’s Chief Executive Officer. “The long-term fundamentals of EVO’s business remain strong and,
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