Reported Earlier, XP Inc Priced $500M Senior Notes Offering
Portfolio Pulse from Benzinga Newsdesk
XP Inc. (NASDAQ:XP) has priced a $500 million senior notes offering at 6.750% due 2029. The proceeds will be used to purchase tendered 3.250% senior notes due 2026 and for general corporate purposes. The transaction is expected to close on July 2, 2024.
July 01, 2024 | 7:14 am
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XP Inc. has priced a $500 million senior notes offering at 6.750% due 2029. The proceeds will be used to purchase tendered 3.250% senior notes due 2026 and for general corporate purposes. The transaction is expected to close on July 2, 2024.
The successful pricing of the senior notes offering indicates strong investor confidence and provides XP Inc. with additional capital for strategic financial management. This is likely to have a positive short-term impact on the stock price.
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