Business
STONECO LTD. ANNOUNCES EXPIRATION AND TENDER OFFER RESULTS
GEORGE TOWN, Grand Cayman, July 31, 2024 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) ("StoneCo" or the "Company") announces the expiration and
About this update from Stoneco Ltd.
[{"type":"text","content":"GEORGE TOWN, Grand Cayman, July 31, 2024 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (\"StoneCo\" or the \"Company\") announces the expiration and final results of the tender offer and consent solicitation pursuant to the terms and subject to the conditions set forth in an offer to purchase and consent solicitation statement dated July 1, 2024 (the \"Offer to Purchase and Consent Solicitation\"). Any capitalized term used but not defined in this press release has the respective meaning set forth in the Offer to Purchase and Consent Solicitation.\n\nThe Tender Offer and the Consent Solicitation expired at 5:00 p.m., New York City time, on July 30, 2024 (the \"Expiration Time\"). Based on the information provided by D.F. King & Co., Inc., the tender agent and the information agent for the Tender Offer and the Consent Solicitation (the \"Tender and Information Agent\"), tender instructions and Consents in the amounts set forth in the table below were validly delivered and not validly withdrawn prior to or at the Expiration Time.\nNotes\nCUSIP and ISIN Numbers\nPrincipal Amount Outstanding\nAggregate Principal Amount Tendered\nPercentage of Aggregate Principal Amount Outstanding Tendered\n3.950% Senior Notes due 2028\nCUSIP: \n861787 AA7 / \nG85158 AA4\nISIN: US861787AA77 / USG85158AA43\nUS$500,000,000\nUS$294,558,000\n58.91 %\nAll Notes that were validly tendered and not validly withdrawn at or before the Expiration Time will be accepted for purchase by the Company on the Final Settlement Date. Payment for all the Notes that are validly tendered and not validly withdrawn at any time prior to the Expiration Time will be made on the Final Settlement Date. It is anticipated that the Final Settlement Date will be on or around July 31, 2024.\nRegistered holders (each, a \"Holder\" and, collectively, the \"Holders\") that have validly tendered and not validly withdrawn their Notes at or prior to the Early Tender Deadline are eligible to receive the Total Consideration, which includes the Early Tender Consideration. Holders that have validly tendered and not validly withdrawn their Notes at or prior to the Expiration Time are eligible to receive only the Tender Offer Consideration (as defined in the Offer to Purchase and Consent Solicitation), which excludes the Early Tender Consideration. In addition to the Tender Offer Consi...