XP Inc. (XP) Prices $500M Notes Offering
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XP Inc. Announces Pricing of Senior Notes Offering
June 28, 2024 9:40 PM EDTSÃO PAULO--(BUSINESS WIRE)-- XP Inc. (XP or we) (Nasdaq: XP) , a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced that on June 27, 2024 it priced an offering of US$500 million aggregate principal amount of 6.750% senior unsecured notes due 2029 (the "notes"). The notes will be guaranteed by XP Investimentos S.A. The transaction is expected to close on July 2, 2024, subject to the satisfaction of customary closing conditions. XP intends to use the net proceeds from the offering of the notes to purchase tendered 3.250% senior unsecured notes due 2026... More
