StoneCo Ltd., a leading financial technology firm, announced the completion of its tender offer and consent solicitation for its 3.950% Senior Notes due 2028, which expired on July 30, 2024. The company reported that 58.91% of the aggregate principal amount outstanding was tendered by the expiration time. The final settlement date is anticipated to be on or around July 31, 2024. Holders who tendered their notes by the early deadline are eligible to receive the total consideration, which includes the early tender consideration, while those who tendered by the expiration time will receive only the tender offer consideration. In addition to the tender offer consideration, holders will also receive accrued interest. The tender offer and consent solicitation were subject to certain conditions, all of which have been...Show More

StoneCo Ltd., a leading financial technology firm, announced the completion of its tender offer and consent solicitation for its 3.950% Senior Notes due 2028, which expired on July 30, 2024. The company reported that 58.91% of the aggregate principal amount outstanding was tendered by the expiration time. The final settlement date is anticipated to be on or around July 31, 2024. Holders who tendered their notes by the early deadline are eligible to receive the total consideration, which includes the early tender consideration, while those who tendered by the expiration time will receive only the tender offer consideration. In addition to the tender offer consideration, holders will also receive accrued interest. The tender offer and consent solicitation were subject to certain conditions, all of which have been satisfied. StoneCo also sought consents for proposed amendments to the indenture governing the notes, which would allow for significant changes including the elimination of restrictive covenants and the possibility of a substituted debtor. The requisite consents have been received, and a supplemental indenture is expected to be executed on or around July 31, 2024. The tender offer and consent solicitation were managed by Banco Bradesco BBI S.A., HSBC Securities (USA) Inc., Jefferies LLC, and J.P. Morgan Securities LLC.