Stone Raises Funding for Its Credit Solution, Advancing in the Strategic Roadmap of Its Full Financial Platform While Limiting Credit Risk Exposure
The new credit FIDC is structured with senior and mezzanine quotas held by institutional investors for a 36-month period, while Stone holds the subordinated quotas. The senior quotas reached
Despite the first issuance of a new FIDC product usually having a higher cost than an operation in steady state, Stone decided to increase the offer size from the initial size of
This is an important milestone for Stone, which advances on its strategic roadmap to become a full financial platform for SMBs. This type of transaction will enable Stone to scale further its credit solution while limiting the credit risk exposure.
XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A. acted as Lead Bookrunner in the offering, and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A.,
No Offer or Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Source: StoneCo Ltd.