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Argentina’s Arcos Dorados plans to tap 5 7/8% notes due 2027
By Rebecca Melvin
New York, Sept. 8 – Arcos Dorados Holdings Inc. plans to add on to its previously issued $265 million 5 7/8% senior notes due 2027, according to a company release on Tuesday.
The Rule 144A and Regulation S deal remains subject to market conditions and other factors, the company said.
Following the pricing of the notes, the company plans to begin an exchange offer to exchange any and all of its $348,069,000 outstanding of 6 5/8% notes due 2023 for additional 5 7/8% notes due 2027.
Buenos Aires-based Arcos Dorados is the world’s largest McDonald’s franchisee.
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