XP prices $500 million debt offering via issuance of senior notes

  • XP (NASDAQ:XP) said on Friday that it has priced an offering of $500 million in the principal amount of 6.750% senior unsecured notes due in 2029.
  • The notes will be guaranteed by XP Investimentos S.A.
  • The transaction is expected to close on July 2, 2024.
  • The company intends to use the net proceeds from the offering to purchase tendered 3.250% senior unsecured notes due in 2026 and for general corporate purposes.