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Arcos Dorados Holdings Inc. reports developments tied to its McDonald's-branded restaurant operations in Latin America and the Caribbean. The company is an independent McDonald's franchisee with the exclusive right to own, operate and sub-franchise restaurants across 21 countries and territories, and it manages activity through Brazil, the North Latin American Division and the South Latin American Division.
Company news centers on operating and financial results, systemwide comparable sales, currency and macroeconomic conditions in key markets, annual report filings, shareholder meeting matters and investor communications. Updates also cover capital-structure actions, including debt and sustainability-linked note disclosures, along with community and environmental initiatives associated with the company's Recipe for the Future framework.
Arcos Dorados Holdings Inc. (NYSE: ARCO) announced the results of its Exchange Offer for outstanding 6.625% Senior Notes due 2023, which ended on October 13, 2020. A total of US$131,476,000 of Old Notes were tendered, representing 37.77% of the outstanding amount. Those who tendered before the Early Participation Date will receive US$1,055.00 in New Notes per US$1,000.00 of Old Notes. The company expects to issue US$138,354,000 of New Notes in exchange for the validly tendered Old Notes. This exchange is available only to eligible holders.
Arcos Dorados Holdings Inc. (NYSE: ARCO) announced the results of its Exchange Offer for 6.625% Senior Notes due 2023, indicating that US$126,601,000 of Old Notes were validly tendered, representing 36.37% of the total. Holders of these notes can exchange them for New Notes at a rate of US$1,055.00 per US$1,000 of Old Notes. The final amount of New Notes expected to be issued is US$133,564,055. The Exchange Offer is restricted to qualified institutional buyers and non-US persons who complete an eligibility letter.