Argentina's Arcos Dorados talks five-year real notes at 10 5/8% area

By Christine Van Dusen

Atlanta, July 7 - Argentina's Arcos Dorados Holdings Inc. set price talk for its five-year offering of real-denominated notes at the 10 5/8% area (expected ratings: Ba2//BBB-), a market source said.

Bank of America Merrill Lynch, Itau and JPMorgan are the bookrunners for the Rule 144A and Regulation S notes, which could price as early as the July 11 week.

The notes will be payable in dollars, and the proceeds will be used for capital expenditures, general corporate purposes and the possible unwind of cross-currency swaps.

Arcos Dorados is a McDonald's franchisee based in Buenos Aires.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.