Arcos Dorados Announces Intent to Partially Redeem Its Outstanding 6.625% Notes Due 2023 (CUSIP NOs. 03965U AB6 / G0457F AD9) (the “Redemption”)
09 Mai 2022 - 11:27PM
Business Wire
Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the
“Company”) today announced its intent to redeem $123,000,000 of its
outstanding 6.625% senior notes due 2023 (the “Notes”). A notice of
redemption will be sent to the holders of the Notes in accordance
with the requirements of the indenture governing the Notes (the
“Indenture”). Pursuant to the terms of the Indenture, the Notes
will be redeemed at a redemption price equal to the greater of (1)
100% of the outstanding principal amount of the Notes to be
redeemed, and (2) the sum of the present values of the remaining
scheduled payments of principal and interest on the Notes to be
redeemed (exclusive of interest accrued to the date of redemption)
discounted to the date of redemption on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months) at the
applicable Treasury Rate (as defined in the Indenture) plus 50
basis points, plus in each case accrued and unpaid interest
(including Additional Amounts, if any) from March 27, 2022 to, but
excluding the redemption date.
The anticipated redemption date is June 10, 2022.
This press release 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.
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 03/31/2022). 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: www.arcosdorados.com/ir.
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements often are proceeded by words such
as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,”
“assumes,” “will” or similar expressions. The forward-looking
statements contained herein include statements about the Company’s
intentions, beliefs or current expectations, and include, but are
not limited to, those regarding the Company’s strategy, plans,
objectives, goals and targets, including such statements related to
the terms, timing and completion of the redemption of the Notes.
These expectations may or may not be realized. Some of these
expectations may be based upon assumptions or judgments that prove
to be incorrect. In addition, Arcos Dorados’ business and
operations involve numerous risks and uncertainties, many of which
are beyond the control of Arcos Dorados, which could result in
Arcos Dorados’ expectations not being realized or otherwise
materially affect the financial condition, results of operations
and cash flows of Arcos Dorados. Some of the factors that could
cause future results to materially differ from recent results or
those projected in forward-looking statements are described in
Arcos Dorados’ filings with the United States Securities and
Exchange Commission.
The forward-looking statements are made only as of the date
hereof, and Arcos Dorados does not undertake any obligation to (and
expressly disclaims any obligation to) update any forward-looking
statements to reflect events or circumstances after the date such
statements were made, or to reflect the occurrence of unanticipated
events. In light of the risks and uncertainties described above,
and the potential for variation of actual results from the
assumptions on which certain of such forward-looking statements are
based, investors should keep in mind that the results, events or
developments disclosed in any forward-looking statement made in
this document may not occur, and that actual results may vary
materially from those described herein, including those described
as anticipated, expected, targeted, projected or otherwise.
Follow us on: LinkedIn Twitter
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220509006196/en/
Investor Relations Contact Dan Schleiniger VP of Investor
Relations Arcos Dorados daniel.schleiniger@ar.mcd.com
Media Contact David Grinberg VP of Corporate
Communications Arcos Dorados david.grinberg@mcd.com.uy
Arcos Dorados (NYSE:ARCO)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Arcos Dorados (NYSE:ARCO)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024