EVOP - EVO Payments to sell shares then buy back stock from Madison Dearborn Blueapple

EVO Payments (EVOP) slips 1.6% in after-hours trading after announcing a proposed offering of 4.5M shares of class A common stock.EVOP plans to use the proceeds to buy LLC interests in EVO Investco and an equivalent number of shares of the company's class B common stock (which will then be cancelled) from Blueapple Inc., LLC interests in EVO LLC and an equivalent number of shares in EVOP's class D common stock (which will then be cancelled) from entities affiliated with Madison Dearborn Partners, and shares of its class A common stock from an entity affiliated with Madison Dearborn.

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EVO Payments to sell shares then buy back stock from Madison Dearborn, Blueapple