StoneCo Ltd - Ordinary Shares - Class A

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Equity Financing / Related

Stoneco Ltd Says Signed A Definitive Investment Agreement With Banco Inter

Published: 05/24/2021 12:30 GMT
StoneCo Ltd - Ordinary Shares - Class A (STNE) - Stoneco Ltd - Signed a Definitive Investment Agreement With Banco Inter.
Stoneco - to Invest Up to R$2.5 Billion in Newly Issued Shares by Banco Inter, Becoming Minority Investor (limited to 4.99% Stake) of Banco Inter After Deal.
Stoneco Ltd - Stone Will Have Right to Join Board of Directors of Banco Inter With One Seat Out of 9.
Stoneco - to Fully Fund Investment With Cash on Hand, Committed Debt Specific for Deal, Not Raising Additional Equity Related to Banco Inter Deal Purpose.