We advised XP on its Rule 144A / Regulation S offering of senior unsecured notes

Davis Polk advised XP Inc. in connection with a Rule 144A / Regulation S offering of $750 million aggregate principal amount of its 3.250% senior unsecured notes due 2026. The notes are guaranteed by certain subsidiaries of XP Inc. XP Inc. intends to use the net proceeds from the offering for general corporate purposes.

Based in São Paulo, Brazil, XP Inc. and its subsidiaries (collectively, “XP Group”) is a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil. XP Group are principally engaged in providing its customers, represented by individuals and legal entities in Brazil and abroad, various financial products, services, digital content and financial advisory services, mainly acting as broker-dealer, including securities brokerage, private pension plans, commercial and investment banking products such as loans operations, transactions in the foreign exchange markets and deposits, through brands that reach clients directly and through a network of Independent Financial Advisers.

The Davis Polk capital markets team included Manuel Garciadiaz, Konstantinos Papadopoulos and Hugo Casella. The tax team included William A. Curran and Eitan Ulmer. Members of the Davis Polk team are based in the São Paulo and New York offices.

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