Arcos Dorados Refines Capital Structure with $150mln Financing Deal

Arcos Dorados Holdings Inc. has announced a financing transaction to improve its capital structure. The company's Brazilian subsidiary secured $150 million in new bank debt with an estimated US dollar cost of 2.53%. Arcos Dorados will use the proceeds to fund a tender offer for up to $150 million of its 6.125% Sustainability-Linked Senior Notes due 2029. This transaction is expected to lower the average US dollar cost of its long-term debt by approximately 55 basis points.