UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of
December 2023
_____________________
Commission File
Number: 001-38714
STONECO LTD.
(Exact name of registrant as specified in its
charter)
4th Floor, Harbour
Place
103 South Church
Street, P.O. Box 10240
Grand Cayman,
KY1-1002, Cayman Islands
+55 (11) 3004-9680
(Address of principal executive office)
Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
STONECO LTD.
INCORPORATION
BY REFERENCE
This
report on Form 6-K shall be deemed to be incorporated by reference into the registration statement on Form S-8 (Registration Number:
333-265382) of StoneCo Ltd. and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents
or reports subsequently filed or furnished.
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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StoneCo Ltd. |
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By: |
/s/ Mateus Scherer Schwening |
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Name: |
Mateus Scherer Schwening |
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Title: |
Chief Financial Officer and Investor Relations Officer |
Date:
December 18, 2023
EXHIBIT INDEX
Exhibit
99.1
StoneCo.
Announces $467.5 million credit facility from DFC to strengthen working capital of micro, small, and medium businesses
GEORGE TOWN, Grand
Cayman, December 18th, 2023 - StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or “the Company”) announced that
it has obtained a commitment of US$467.5 million in the form of a revolving securitization facility from the United States International
Development Finance Corporation (DFC), an agency of the United States government. The facility, which has a final maturity of seven years,
and a six-month availability period, acquires accounts receivables due by over twenty different non-systemic important Brazilian financial
institutions that are credit card issuers, on a non-recourse basis. It will further strengthen Stone's ability to offer prepayment of
receivables to micro, small, and medium-sized businesses (MSMBs), which use the solution to optimize cash flow, financial flexibility
and improve management. The closing of the transaction is subject to customary conditions precedents.
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 Brazil.
“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 Pedro
Zinner, CEO of StoneCo. “With the resources obtained, we will be able to further leverage our solutions to support entrepreneurs
seeking to scale their businesses. At the same time, we generate a strong positive impact on society, boosting local commerce, creating
job opportunities, and leveraging economic activity."
“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 Carol da Costa, Chief Impact & Sustainability Officer. This new transaction reinforces the company's commitment to strengthening
the entrepreneurship ecosystem in the country, focusing on supporting developing communities.
About StoneCo
StoneCo is a leading provider of financial
technology and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their
businesses.
Forward-Looking Statements
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.
Forward-looking
statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Stone’s
control.
Stone’s actual
results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but
not limited to: more intense competition than expected, lower addition of new clients, regulatory measures, more investments in our business
than expected, and our inability to execute successfully upon our strategic initiatives, among other factors.
Contact:
Investor Relations
investors@stone.co
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