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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 (NYSE: ARCO), Latin America's largest restaurant chain and the world's largest independent McDonald's franchisee, has announced its participation in the upcoming BTG Brazil CEO Conference 2025. The in-person event will take place in São Paulo from February 25 to February 27, 2025, with the Company scheduled to participate on February 26 and 27.
The announcement details that interested parties can find additional information about the event in the Events section of the Company's IR website at www.arcosdorados.com/ir.
Arcos Dorados Holdings Inc. (NYSE: ARCO) has announced the pricing of $600 million in senior notes through its subsidiary Arcos Dorados B.V. The notes, priced at 99.583%, will carry a 6.375% interest rate and mature on January 29, 2032.
The notes will be guaranteed on a senior unsecured basis by the Company and certain subsidiaries. The offering is being made through private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.
The settlement is expected on January 29, 2025. Proceeds will be used to fund a tender offer to purchase all outstanding 5.875% senior notes due 2027 and for general corporate purposes.
Arcos Dorados Holdings Inc. (NYSE: ARCO) has announced the results of its cash tender offer for its outstanding 5.875% Notes due 2027. As of the January 23, 2025 expiration time, U.S.$136,145,000 in aggregate principal amount of Notes had been validly tendered and not withdrawn.
The settlement is expected to occur on January 29, 2025. After the settlement, the aggregate principal amount outstanding will be U.S.$249,841,000. Holders who validly tendered their Notes will receive U.S.$1,000 per U.S.$1,000 principal amount, plus accrued and unpaid interest from the last interest payment date to the settlement date.
Arcos Dorados Holdings Inc. (NYSE: ARCO) has extended the expiration deadline of its cash tender offer for its outstanding 5.875% Notes due 2027. The offer's expiration time has been extended from 8:00 a.m. to 5:00 p.m., New York City time, on January 23, 2025.
As of 8:00 a.m. on January 23, 2025, $130,115,000 in aggregate principal amount of Notes have been validly tendered. The tender offer is being made in connection with a proposed offering of new U.S. dollar denominated senior notes to be issued by Arcos Dorados B.V.
Holders who tender their Notes and wish to subscribe for the New Notes should obtain a Unique Identifier Code from a Dealer Manager. Priority may be given to investors tendering with Unique Identifier Codes in the allocation of New Notes, though this is not guaranteed.
Arcos Dorados Holdings Inc. (NYSE: ARCO) announced that its subsidiary Arcos Dorados B.V. plans to offer senior unsecured notes in a private placement. The notes will be offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.
The notes will be guaranteed on a senior unsecured basis by the Company and certain subsidiaries. The proceeds will be used to fund a tender offer to purchase all outstanding 5.875% senior notes due 2027 and for general corporate purposes.
The notes and related guarantees have not been registered under the Securities Act and will only be offered to qualified institutional buyers and non-U.S. persons unless registered.
Arcos Dorados Holdings Inc. (NYSE: ARCO) has announced a cash tender offer to purchase all of its outstanding 5.875% Notes due 2027. The offer will expire at 8:00 a.m., New York City time, on January 23, 2025. Holders will receive U.S.$1,000 per U.S.$1,000 of principal amount, plus accrued and unpaid interest.
The tender offer is being made in connection with an expected proposed offering of new U.S. dollar-denominated senior notes to be issued by Arcos Dorados B.V., a subsidiary of the company. Holders who wish to tender their Notes and subscribe for the New Notes should obtain a Unique Identifier Code from a Dealer Manager, which may provide priority in the allocation of New Notes.
The total outstanding principal amount of the Notes is U.S.$385,986,000. The offer is subject to certain conditions, including a Financing Condition, and the company reserves the right to amend or terminate the offer at any time.
Arcos Dorados Holdings (NYSE: ARCO), Latin America's largest restaurant chain and the world's largest independent McDonald's franchisee, has renewed its Master Franchise Agreement (MFA) with McDonald's for 20 years, effective January 1, 2025. The new agreement includes a potential 20-year renewal option starting January 1, 2045, at McDonald's discretion.
The updated MFA establishes a tiered royalty fee structure: 6.0% of gross sales for the first ten years, 6.25% for the following five years, and 6.5% for the final five years. Woods Staton, Executive Chairman, emphasized the company's position as the leading restaurant operator in Latin America and the Caribbean, highlighting their commitment to generating shareholder value and positive community impact.
Arcos Dorados (NYSE: ARCO) reported strong Q3 2024 financial results with total revenues reaching $1.1 billion, setting a new third-quarter record. Systemwide comparable sales grew 32.1% year-over-year, driven by positive average check and guest volume. Digital channel sales increased 16%, representing 58% of systemwide sales. The company achieved Adjusted EBITDA of $125.0 million with an 11.0% margin and Net Income of $35.2 million ($0.17 per share). The company opened 19 Experience of the Future restaurants in Q3, maintaining a strong 1.2x Net Debt to Adjusted EBITDA ratio. Their Loyalty Program expanded to 12.9 million registered members across three markets.
Arcos Dorados Holdings Inc. (NYSE: ARCO) has announced the date and time for its Third Quarter 2024 Results Webcast. The event is scheduled for Wednesday, November 13, 2024, at 10:00 a.m. New York / 12:00 p.m. Montevideo time. The company's financial results for the quarter ending September 30, 2024, will be released before the market opens on the same day.
Chief Executive Officer Marcelo Rabach and senior management will host the webcast, which will include opening remarks followed by a question and answer session. Participants can join the webcast using a provided link, with Google Chrome recommended as the preferred browser. The link will also be available on the Events section of the company's Investor Relations webpage.
Arcos Dorados Holdings Inc. (NYSE: ARCO), Latin America's largest restaurant chain and the world's largest independent McDonald's franchisee, has exercised its option to renew its Master Franchise Agreement (MFA) with McDonald's (NYSE: MCD). The new 20-year MFA will be effective from January 1, 2025. The agreement is expected to include:
- A Renewal Option for another 20-year MFA beginning January 1, 2045
- A royalty structure of 6.0% of Gross Sales for the first ten years, 6.25% for the next five years, and 6.5% for the final five years
Both companies believe there are significant growth opportunities in Arcos Dorados' 20 countries and territories. The Company plans to open approximately 90 to 100 restaurants in 2025.