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Arcos Dorados Holdings ( (ARCO) ) has shared an announcement.
On January 23, 2025, Arcos Dorados Holdings announced an extension of its cash tender offer for its outstanding 5.875% Notes due 2027. Originally set to expire at 8:00 a.m., the offer will now expire at 5:00 p.m. on the same day. As of the morning of January 23, $130,115,000 in aggregate principal amount of these notes had been tendered. The extension coincides with a proposed offering of new U.S. dollar-denominated senior notes by its subsidiary, Arcos Dorados B.V. This strategic financial maneuvering is part of the company’s broader efforts to manage its debt portfolio and optimize financial operations.
More about Arcos Dorados Holdings
Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating in Latin America and the Caribbean. It holds the exclusive rights to own, operate, and grant franchises of McDonald’s restaurants across 20 countries and territories in the region, with over 2,400 restaurants and employing more than 100,000 people.
YTD Price Performance: -2.93%
Average Trading Volume: 1,282,345
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.53B
See more insights into ARCO stock on TipRanks’ Stock Analysis page.
