StoneCo’s $500 Million Notes Offering

Davis Polk & Wardwell and Pinheiro Neto advised StoneCo.
Simpson Thacher & Bartlett and Pinheiro Guimarães advised 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 y XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A. acting as underwriters on the offering.

StoneCo Ltd. executed its Rule 144A / Regulation S offering of $500 million aggregate principal amount of its 3.950% senior notes due 2028.

The notes are guaranteed by certain subsidiaries of StoneCo. StoneCo intends to use the net proceeds from the offering for general corporate purposes, including financing their investment in Banco Inter, the growth of their business and refinancing certain of their corporate indebtedness.

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 Câmbio, Títulos e Valores Mobiliários S.A. acted as underwriters on the offering.

Stone is a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels.

Davis Polk advised StoneCo. with Byron B. Rooney, James Vickers, Cesar Fischer and Felipe Saraiva Carneiro. The tax team included partner William A. Curran and associate Benjamin Helfgott.

In Brazil, Pinheiro Neto advised StoneCo with Enrico Jucá Bentivegna, Rafael Garcia Santana Martins and Alice Teixeira de Carvalho Ribeiro da Silva.

Simpson Thacher & Bartlett advised 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 Câmbio, Títulos e Valores Mobiliários S.A. with Grenfel S. Calheiros, Siddharth Fresa, Kirsten L. Davis, Jonathan E. Cantor and Scott Grundei.

In Brazil, Pinheiro Guimarães advised the underwriters with Ivie Moura Alves, Luiza Lopes Leite Furtado and Jonas Vilhena Cunha Assumpção.

Involved fees earner: William Curran – Davis Polk & Wardwell; Cesar Fischer – Davis Polk & Wardwell; Benjamin Helfgott – Davis Polk & Wardwell; Byron Rooney – Davis Polk & Wardwell; Felipe Saraiva Carneiro – Davis Polk & Wardwell; James Vickers – Davis Polk & Wardwell; Jonas Vilhena Cunha Assumpção – Pinheiro Guimarães; Luiza Lopes Leite Furtado – Pinheiro Guimarães; Ivie Moura Alves – Pinheiro Guimarães; Enrico Jucá Bentivegna – Pinheiro Neto; Rafael Garcia Santana Martins – Pinheiro Neto; Alice Teixeira de Carvalho Ribeiro da Silva – Pinheiro Neto; Grenfel Calheiros – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Kirsten Davis – Simpson Thacher & Bartlett; Siddharth Fresa – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett;

Law Firms: Davis Polk & Wardwell; Pinheiro Guimarães; Pinheiro Neto; Simpson Thacher & Bartlett;

Clients: Banco Bradesco BBI S.A.; Banco BTG Pactual S.A. – Cayman Branch; Goldman Sachs & Co.; HSBC Securities; Itaú BBA USA Securities; JP Morgan Securities; Morgan Stanley; StoneCo Ltd.; UBS Securities LLC; XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A.;

Author: Martina Bellini