Summary by Futu AI
StoneCo Ltd., a leading financial technology firm, announced on August 22, 2024, that it has officially taken over as the issuer and principal debtor for its 3.950% senior notes due in 2028, a role previously held by Stone Instituição de Pagamento S.A. This substitution, referred to as the 'Substitution,' involves StoneCo providing an unconditional and irrevocable guarantee for the notes, alongside other guarantors MNLT S.A. and Pagar.me Instituição de Pagamento S.A. The Substitution, which is set to be formalized through a second supplemental indenture on or about August 29, 2024, does not require the consent of the bondholders and is in accordance with Section 5.04 of the amended indenture. As a result of this change, the CUSIP and ISIN numbers for the notes will be updated. StoneCo emphasizes that this announcement is not an offer to buy or sell the notes or any other securities. The company also included a disclaimer about forward-looking statements, indicating that there is no guarantee that the transactions described will be completed as planned.