STONECO LTD. ANNOUNCES EARLY TENDER DEADLINE RESULTS
Based on the information provided by
Notes |
CUSIP and ISIN |
Principal Amount |
Aggregate Principal |
Percentage of Aggregate |
3.950% |
CUSIP: 861787 AA7 / G85158 AA4
ISIN: US861787AA77 |
|
|
58.91 % |
The Tender Offer and the Consent Solicitation will expire immediately after 5:00 p.m.,
Payment for all the Notes that are validly tendered and not validly withdrawn at any time prior to the Expiration Time and that are accepted for purchase will be made on the Final Settlement Date. It is anticipated that the Final Settlement Date will be on or around
The Company is also soliciting Consents from Holders of the Notes to proposed amendments to the indenture governing the Notes (the "Indenture"), providing for, among other things, the elimination of substantially all of the restrictive covenants, various events of default and related provisions contained in the Indenture, as well as allowing the Company to replace itself as principal debtor in respect to the Notes by a substituted debtor; provided that the Company (and all other existing guarantors) shall guarantee the payment of all sums payable by the substituted debtor as such principal debtor on the same terms mutatis mutandis as the Notes and subject to certain other conditions (the "Proposed Amendments").
The Company has received the Requisite Consents (as defined in the Offer to Purchase and Consent Solicitation), as certified in writing by the Company to the Trustee (as defined in the Offer to Purchase and Consent Solicitation). With the other conditions to the Tender Offer and Consent Solicitation satisfied or waived, it is expected that
Notes tendered in accordance with the Tender Offer and Consent Solicitation could have been withdrawn and Consents delivered could have been revoked at any time at or prior to
The Company will pay a soliciting broker fee of
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
Copies of the Offer to Purchase and Consent Solicitation are available to Holders from the Tender and Information Agent. Requests for copies of the Offer to Purchase and Consent Solicitation should be directed to D.F. King at +1 (888) 644-6071 (toll-free), +1 (212) 269-5550 (collect) or stoneco@dfking.com.
Neither the Offer to Purchase and Consent Solicitation nor any related documents have been filed with the
Under no circumstances shall this press release constitute an offer to buy or the solicitation of an offer to sell the Notes or any other securities of the Company, the guarantors or any of their affiliates in
Any questions regarding the terms of the Tender Offer and Consent Solicitation should be directed to the Dealer Managers and Solicitation Agents at the addresses and telephone numbers set forth below.
The Dealer Managers for the Tender Offer and Solicitation Agents for the Consent Solicitation are:
Banco Bradesco BBI S.A.
São Paulo, SP, 04543-011
Attention: Collect: +1 (646) 432-6642 |
Attention: Toll Free: +1 (888) HSBC-4LM Collect: +1 (212) 525-5552 |
|
|
Attn: Toll Free: +1 (888) 708-5831 Collect: +1 (203) 708-5831 |
Attention: Latin America Debt Capital Markets Toll Free: +1 (866) 846-2874 Collect: +1 (212) 834-4533 |
Important Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements are information of a non-historical nature or that relate to future events and are subject to risks and uncertainties. No assurance can be given that the transactions described in this press release will be consummated or as to the ultimate terms of any such transactions. Neither the Company nor the guarantors undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.
Disclaimer
This press release must be read in conjunction with the Offer to Purchase and Consent Solicitation. This press release and the Offer to Purchase and Consent Solicitation contain important information that must be read carefully before any decision is made with respect to the Tender Offer and the Consent Solicitation. If any Holder is in any doubt as to the action it should take, it is recommended to seek its own legal, tax, accounting and financial advice, including as to any tax consequences, from its attorney, accountant or other independent financial or legal adviser. None of the Company, the guarantors, the Dealer Managers and Solicitation Agents, the Tender and Information Agent or any affiliate of such persons expresses any opinion as to whether the terms of the Tender Offer are fair to any Holder. Holders must make their own decision as to whether to tender and deliver Consent with respect to any Notes and, if so, the principal amount of Notes to tender.
About Stone
Stone is a leading provider of financial technology and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their businesses.
Contact:
Investor Relations
investors@stone.co
View original content:https://www.prnewswire.com/news-releases/stoneco-ltd-announces-early-tender-deadline-results-302198018.html
SOURCE