Stoneco (STNE) has released an update.
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StoneCo Ltd. has launched a cash tender offer for the repurchase of its 3.950% senior notes due in 2028, aiming to manage liabilities by inviting note holders to sell back their securities. Alongside this, StoneCo is seeking consents for amendments to the indenture, which include the removal of restrictive covenants and certain default provisions. The offer, which includes an early tender consideration for those who act quickly, is part of a larger strategy to streamline the company’s financial obligations.
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