This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Arcos Dorados Announces Acceptance Of 7.50% Senior Notes Due 2019 In Tender And Early Exchange

Arcos Dorados Holdings Inc. (the “Company”) (NYSE:ARCO) announces that it has accepted and exchanged US$89,955,000 of Arcos Dorados B.V.’s outstanding 7.50% Senior Notes due 2019 (the “2019 Existing Notes”) that were tendered prior to the Early Exchange Date (as defined in the Company’s tender and exchange offer and consent solicitation statement dated as of September 10, 2013 (the “Tender and Exchange Offer and Consent Solicitation Statement”)) in response to its previously announced offer to exchange any and all of the 2019 Existing Notes for the Company’s newly issued 6.625% Senior Notes due 2023 (the “New Notes”) (the “Exchange Offer”) and has accepted and purchased US$118,366,000 of 2019 Existing Notes that were tendered prior to the Tender Expiration Date (as defined in the Tender and Exchange Offer and Consent Solicitation Statement) in response to its previously announced offer to purchase for cash any and all of the outstanding 2019 Existing Notes (the “Tender Offer” and, together with the Exchange Offer, the “Tender and Exchange Offer”).

The total aggregate principal amount of the 2019 Existing Notes accepted and exchanged or purchased by the Company on September 27, 2013 is US$208,321,000, representing approximately 67.5% of the outstanding 2019 Existing Notes.

The Company issued US$98,225,000 aggregate principal amount of New Notes, paid US$50,837.50 in cash in lieu of fractional New Notes and paid US$3,298,350.15 in cash for accrued and unpaid interest in exchange for the US$89,955,000 aggregate principal amount of 2019 Existing Notes tendered in the Exchange Offer. The Company paid US$128,131,195.00 as tender consideration and paid US$4,340,086.78 in cash for accrued and unpaid interest for the purchase of the US$118,366,000 aggregate principal amount of 2019 Existing Notes tendered in the Tender Offer.

In addition, the Company issued and sold US$375,000,000 aggregate principal amount of 6.625% Senior Notes due 2023 issued by the Company (the “Concurrent New Notes”), resulting in a total aggregate principal amount of New Notes and Existing New Notes outstanding of US$473,225,000. The Concurrent New Notes are fully fungible with and trade under the same CUSIPs as the New Notes. The Concurrent New Notes were offered (the “Concurrent Offering”) in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-US persons in accordance with Regulation S under the Securities Act.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs