Stoneco (STNE) has released an update.
StoneCo Ltd. has announced the substitution of itself as the issuer for its 3.950% senior notes due in 2028, originally guaranteed by Stone Instituição de Pagamento S.A. This strategic financial maneuver does not require bondholder consent and involves StoneCo providing an unconditional and irrevocable guarantee along with its affiliates. The substitution will also result in a change of CUSIP and ISIN numbers for the notes.
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