StoneCo. Announces $467.5 million credit facility from DFC to strengthen working capital of micro, small, and medium businesses
Stone's prepayment of receivables, including with the proceeds from the new DFC facility, supports retailers by enabling installment sales in a simple, agile way and with immediate liquidity. The focus of the facility is to support businesses that are women-led or have the majority of the workforce composed of women. The intention is that the resource will mainly impact entrepreneurs in the North and Northeast regions of
“Micro, small and medium-sized entrepreneurs account for a significant part of GDP. Aligned with our purpose, DFC’s credit facility allows us to offer better products and services to our customers and contribute to the socioeconomic development of our country”, says
“With this deal, Stone is also pledging to become part of the 2X Global Challenge, not only because of the focus on supporting businesses with women ownership or with the majority of their workforce being women but committing to certain KPI reports in our workforce and leadership”, says
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This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. These statements identify prospective information and may include words such as “believe,” “may,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “forecast,” “plan,” “predict,” “project,” “potential,” “aspiration,” “objectives,” “should,” “purpose,” “belief,” and similar, or variations of, or the negative of such words and expressions, although not all forward-looking statements contain these identifying words.
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Source: StoneCo Ltd.