Arcos Dorados Holdings Inc. announced on January 23, 2025, an extension of the expiration deadline for its cash tender offer for its outstanding 5.875% Notes due 2027. The new expiration time was 5:00 p.m., New York City time, on January 23, 2025, extended from the original 8:00 a.m. deadline.
As of 8:00 a.m. on the same day, $130,115,000 in aggregate principal amount of the Notes had been validly tendered and not withdrawn. This extension provided additional time for holders to participate in the offer.
The tender offer is part of a broader refinancing strategy linked to a proposed offering of new U.S. dollar denominated senior notes. This action demonstrates the company's ongoing efforts to manage its debt structure effectively.
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