Arcos Dorados Holdings Inc. announced on January 15, 2025, the commencement of a cash tender offer to purchase any and all of its outstanding 5.875% Notes due 2027. The outstanding principal amount of these notes totals $385,986,000.
The tender offer is set to expire at 8:00 a.m., New York City time, on January 23, 2025. Holders who validly tender their notes by this deadline are eligible to receive the specified consideration plus accrued interest.
This offer is being made in connection with an expected proposed offering of new U.S. dollar denominated senior notes by Arcos Dorados B.V., a subsidiary of Arcos Dorados. This strategy aims to proactively manage the company's debt maturity profile and potentially optimize its financing costs.
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