Argentina's Arcos Dorados redeems all $99.77 million of its 7½% notes

By Tali David

Minneapolis, Dec. 30 - Arcos Dorados Holdings Inc. said its wholly owned subsidiary Arcos Dorados BV exercised its option to redeem all $99,767,000 of its 7½% senior notes due 2019, according to a press release.

The notes were redeemed at 109.129 plus accrued interest on Dec. 17.

The transaction completes the redemption of 2019 bonds, which were partially repurchased as part of a tender and exchange offer concluded in October.

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

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