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XP INC. ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ANY AND ALL OF THE OUTSTANDING U.S.$736,435,000 AGGREGATE PRINCIPAL AMOUNT OF 3.250% SENIOR UNSECURED NOTES DUE 2026 (CUSIP NOS. 98379X AA2/G98239 AA7)
XP Inc. ANNOUNCEMENT TO THE MARKET SÃO PAULO, June 20, 2024 /PRNewswire/ -- XP Inc. ("XP" or "we") (Nasdaq: XP), a leading, technology-driven platform and a
About this update from Xp Inc.
[{"type":"text","content":"XP Inc. ANNOUNCEMENT TO THE MARKET\nSÃO PAULO, June 20, 2024 /PRNewswire/ -- XP Inc. (\"XP\" or \"we\") (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today the commencement of an offer to purchase for cash any and all of its outstanding 3.250% Senior Unsecured Notes Due 2026 (the \"Notes\"), for a purchase price set forth in the table below (the \"Tender Offer\"). The Tender Offer is being made upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase)) set forth in the offer to purchase dated June 20, 2024 (the \"Offer to Purchase\") and the related notice of guaranteed delivery (the \"Notice of Guaranteed Delivery\" and, together with the Offer to Purchase, the \"Offer Documents\").\n\nThe table below summarizes certain information relating to the Tender Offer:\nNotes\nCUSIP and ISINNumber(s)\nPrincipal AmountOutstanding\nPurchase Price(1)\n3.250% Senior Unsecured Notes due 2026 \nCUSIP: 98379X AA2/G98239 AA7\nISIN: US98379XAA28/USG98239AA72\nU.S.$736,435,000\nU.S.$946.00\n(1)\nThe amount to be paid per each U.S.$1,000.00 principal amount of applicable Notes, validly tendered and accepted for purchase (and not validly withdrawn), plus Accrued Interest (as defined in the Offer to Purchase).\nThe Tender Offer will expire at 5:00 p.m., New York City time, on June 26, 2024, unless extended or terminated by us in our sole discretion (such date and time, as it may be extended with respect to the Tender Offer, the \"Expiration Time\"). Holders of Notes must (1) validly tender (and not validly withdraw) their Notes at or prior to the Expiration Time or (2) deliver a properly completed and duly executed Notice of Guaranteed Delivery and other required documents pursuant to the Guaranteed Delivery Procedures (as defined in the Offer to Purchase) at or prior to the Expiration Time and validly tender their Notes at or prior to the Guaranteed Delivery Expiration Time (as defined in the Offer to Purchase) in order to be eligible to receive the Purchase Price (as defined in the Offer to Purchase) plus Accrued Interest (as defined in the Offer to Purchase) for such Notes. Tendered Notes may be validly withdrawn at any time at or prior to the Withdrawal Deadline (as defined in the Offer to Purc...