Skip to main content

Arcos Dorados Announces Tender Results and Expiration Time of Cash Tender Offer for Any and All of Its Outstanding 6.625% Notes Due 2023 (CUSIP NOs. 03965U AB6/ G0457F AD9) (the “2023 Notes Tender Offer”)

Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”) today announced the tender results in connection with its offer to purchase for cash any and all of its outstanding 6.625% Notes due 2023 (the “2023 Notes”). The 2023 Notes Tender Offer was made upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase)) set forth in the offer to purchase dated April 18, 2022 (the “Offer to Purchase”) and the notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).

As previously announced, the expiration time for the 2023 Notes Tender Offer was 5:00 p.m., New York City time, on April 22, 2022, (such date and time, the “2023 Notes Expiration Time”). As of the 2023 Notes Expiration Time, U.S.$59,239,000 in aggregate principal amount of the 2023 Notes outstanding had been validly tendered and not withdrawn pursuant to the 2023 Notes Tender Offer. Settlement of the 2023 Notes Tender Offer is expected to occur on or about April 27, 2022 (the “2023 Notes Settlement Date”).

The table below summarizes certain payment terms for the 2023 Notes:




Principal Amount




Aggregate Principal

Amount Validly


Aggregate Principal

Amount Outstanding

Giving Effect to

Settlement of the Tender


6.625% Notes due 2023

CUSIP: 03965U AB/ G0457F AD9

ISIN: US03965U AB6/ USG0457F AD99







Per U.S.$1,000 principal amount of applicable Notes, validly tendered, plus Accrued Interest (as defined in the Offer to Purchase).


Subject to satisfaction of the terms and conditions described in the Offer Documents, including, without limitation, the USD Financing Condition. The aggregate principal amount validly tendered includes U.S.$100,000 2023 Notes tendered through Guaranteed Delivery procedures, as described in the Offer to Purchase.

Upon the terms and subject to the conditions of the 2023 Notes Tender Offer set forth in the Offer Documents, all 2023 Notes validly tendered and not validly withdrawn at or prior to the 2023 Notes Expiration Time, if accepted by Arcos Dorados for purchase, will be paid in full by Arcos Dorados on the 2023 Notes Settlement Date and all Holders who validly tendered and did not validly withdraw their 2023 Notes at any time at or prior to the 2023 Notes Expiration Time will receive the Total Consideration plus Accrued Interest at that time.

Payment by Arcos Dorados for 2023 Notes tendered and accepted for payment pursuant to a Notice of Guaranteed Delivery is expected to occur on the 2023 Notes Settlement Date.

The obligation of Arcos Dorados to purchase 2023 Notes in the Tender Offer is conditioned on the satisfaction or waiver of certain conditions, including, without limitation, the Financing Condition, described in the Offer Documents.

The information and tender agent for the 2023 Notes Tender Offer is Global Bondholder Services Corporation. To contact the information and tender agent, banks and brokers may call +1 (212) 430-3774, and others may call U.S. toll-free: +1 855-654-2014 or email Additional contact information is set forth below.

By Mail, Hand or Overnight Courier:

65 Broadway – Suite 404 New York, NY 10006

Attention: Corporate Actions

By Facsimile Transmission:

(for eligible institutions only)

+1 (212) 430-3775

Attention: Corporate Actions

Confirmation by Telephone

+1 (212) 430-3774

Copies of each of the Offer Documents are available at the following web address:

Any questions or requests for assistance or for additional copies of this notice may be directed to the dealer managers at their respective telephone numbers set forth below or, if by any Holder, to such Holder’s broker, dealer, commercial bank, trust company or other nominee for assistance concerning the 2023 Notes Tender Offer.

The dealer managers for the 2023 Notes Tender Offer are:

Citigroup Global Markets Inc.


388 Greenwich Street, 4th Floor Trading

New York, New York 10013

Attn: Liability Management Group

Telephone (U.S. Toll Free):

+ 1 (800) 558 3745

Telephone (U.S.):

+ 1 (212) 723-6106

Itaú BBA USA Securities Inc.


540 Madison Avenue, 24th Floor

New York, New York 10022

Attn: Debt Capital Markets

Telephone (U.S. Toll Free):

+1 (888) 770-4828

Telephone (U.S.):

+1 (212) 710-6749

J.P. Morgan Securities LLC


383 Madison Avenue

New York, New York 10179

Attn: Latin America Debt Capital Markets

Telephone (U.S. Toll Free):

+1 (866) 846-2874

Telephone (U.S.):

+1 (212) 834-7279

Santander Investment Securities Inc.


45 East 53rd Street

New York, NY


Attn: Liability Management Group

Telephone (U.S. Toll Free):

+1 (855) 404-3636

Telephone (U.S.):

+1 (212) 940-1442

This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other securities in the United States or any other country, nor shall it or any part of it, or the fact of its release, form the basis of, or be relied on or in connection with, any contract therefor. The 2023 Notes Tender Offer is made only by and pursuant to the terms of the Offer Documents, and the information in this notice is qualified by reference to the Offer to Purchase and the Notice of Guaranteed Delivery. None of Arcos Dorados, the dealer managers or the information and tender agent makes any recommendation as to whether Holders should tender their Notes pursuant to the 2023 Notes Tender Offer.

About Arcos Dorados

Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories with more than 2,250 restaurants, operated by the Company or by its sub-franchisees, that together employ over 90 thousand people (as of 12/31/2021). The Company is also committed to the development of the communities in which it operates, to providing young people their first formal job opportunities and to utilize its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website:

Follow us on:




Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.