Simpson Thacher represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Banco Bradesco BBI S.A., Banco BTG Pactual S.A.- Cayman Branch, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and XP Investimentos Corretora de Títulos, Câmbio e Valores Mobiliários S.A, as initial purchasers, in connection with the inaugural offering by StoneCo Ltd. (“Stone”) of US$500 million aggregate principal amount of its 3.95% Senior Notes due 2028 (the “Notes”) pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended. The Notes were unconditionally guaranteed by Stone’s subsidiaries, Stone Pagamentos S.A., MNLT Soluções de Pagamento S.A. and Pagar.me Pagamentos S.A. Stone intends to use the net proceeds from the offering for general corporate purposes, including for its investment in Banco Inter, a Brazilian digital bank, and the refinancing of certain of its corporate indebtedness.
Stone is a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels. Stone is listed on the NASDAQ stock exchange under ticker “STNE.”
The Simpson Thacher team for the transaction included Grenfel S. Calheiros, Kirsten L. Davis and Siddharth Fresa (Capital Markets – New York and São Paulo); and Jonathan E. Cantor and Scott Grundei (Tax).