By Rebecca Melvin
New York, Sept. 11 – Uruguay’s Arcos Dorados Holdings Inc. priced an additional $150 million of its 5 7/8% senior notes due 2027 at 102.25 plus interest, according to an announcement on Thursday.
Accrued interest from April 4 stood at $26.27 per bond, or $3,941,145.83 in aggregate.
The total deal size is now $415 million, including the original $265 million of notes that priced in 2017.
The new notes are guaranteed on a senior unsecured basis by certain of the company’s subsidiaries and the proceeds are for repaying short-term debt and general corporate purposes.
The notes were sold under Rule 144A and Regulation S.
Arcos Dorados is a Montevideo, Uruguay franchisee of McDonald’s restaurants.
| Issuer: | Arcos Dorados Holdings Inc.
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| Issue: | Add-on to senior notes
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| Amount: | $150 million
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| Maturity: | April 4, 2027
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| Coupon: | 5 7/8%
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| Price: | 102.25
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| Pricing date: | Sept. 10
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| Settlement date: | Sept. 15
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| Distribution: | Rule 144A and Regulation S
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| Total amount: | $415 million, including $265 million of notes priced in 2017
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