Arcos Dorados Launches Tender Offer for 5.875% Notes Due 2027

TL;DR

Arcos Dorados is buying back all its 5.875% notes due 2027.

AI Summary

Arcos Dorados Holdings Inc. announced on January 15, 2025, the commencement of a cash tender offer for any and all of its outstanding 5.875% notes due 2027. The company is offering to purchase these notes as part of its ongoing efforts to manage its debt structure.

Why It Matters

This tender offer indicates Arcos Dorados is actively managing its debt, potentially refinancing at more favorable terms or reducing its outstanding obligations.

Risk Assessment

Risk Level: low — The filing is a standard tender offer announcement, not indicating immediate financial distress or significant operational changes.

Key Numbers

• 5.875% — Note Interest Rate (The coupon rate of the notes being tendered.)

Key Players & Entities

• Arcos Dorados Holdings Inc. (company) — Registrant
• 5.875% Notes Due 2027 (dollar_amount) — Notes subject to tender offer
• Juan David Bastidas (person) — Chief Legal Counsel
• January 15, 2025 (date) — Date of press release and filing

FAQ

Key Financial Figures

• $1,000 — rincipal Amount Consideration per U.S.$1,000 Outstanding Principal Amount* 5.875%
• $385,986,000 — S03965U AC45 Reg S: USG0457FAC17 U.S.$385,986,000 U.S.$1,000 * The Consideration for t

Filing Documents

• dp223437_6k.htm (6-K) — 45KB
• image_001.jpg (GRAPHIC) — 4KB
• image_002.jpg (GRAPHIC) — 2KB
• image_003.jpg (GRAPHIC) — 1KB
• image_004.jpg (GRAPHIC) — 2KB
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• image_006.jpg (GRAPHIC) — 3KB
• image_007.jpg (GRAPHIC) — 2KB
• image_009.jpg (GRAPHIC) — 1KB
• 0000950103-25-000492.txt ( ) — 69KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January, 2025 Commission File Number: 001-35129 Arcos Dorados Holdings Inc. (Exact name of registrant as specified in its charter) Río Negro 1338, First Floor Montevideo, Uruguay, 11100 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F X Form 40-F ARCOS DORADOS HOLDINGS INC. TABLE OF CONTENTS ITEM 1. Press Release dated January 15, 2025 titled “Arcos Dorados Announces Commencement Of Cash Tender Offer For Any And All Of Its Outstanding 5.875% Notes Due 2027” SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Arcos Dorados Holdings Inc. By: /s/ Juan David Bastidas Name: Juan David Bastidas Title: Chief Legal Counsel Date: January 15, 2025 Item 1 FOR IMMEDIATE RELEASE ARCOS DORADOS ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 5.875% NOTES DUE 2027 (CUSIP NOS. 03965U AC4 / G0457F AC1; ISINs US03965UAC45 / USG0457FAC17) Montevideo, Uruguay, January 15, 2025 – Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”) today announced the commencement of an offer to purchase for cash any and all of its outstanding 5.875% Notes due 2027 (the “Notes”) (the “Offer”). The Offer is being made upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase)) set forth in the offer to purchase dated January 15, 2025 (the “Offer to Purchase”) and the notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”). The table below summarizes certain payment terms for the Notes: Description of Security CUSIP No. ISIN Outstanding Principal Amount Consideration per U.S.$1,000 Outstanding Principal Amount* 5.875% Senior Notes due 2027 144A: 03965U AC4 Reg S: G0457FAC1 144A: US03965U AC45 Reg S: USG0457FAC17 U.S.$385,986,000 U.S.$1,000 * The Consideration for the Notes will be paid together with accrued and unpaid interest from the last interest payment date for the Notes up to, but not including, the Settlement Date (as defined below). The Offer will expire at 8:00 a.m., New York City time, on January 23], 2025, or any other date and time to which Arcos Dorados extends the Offer (such date and time, as it may be extended, the “Expiration Time”). Holders of Notes must validly tender their Notes at or prior to the Expiration Time and not validly withdraw them at or prior to the applicable Withdrawal Deadline (as defined in the Offer to Purchase) in order to be eligible to receive the Consideration (as defined in the Offer to Purchase) plus accrued interest for such Notes. Tendered Notes may be validly withdrawn at any time at or prior to the Withdrawal Deadline but not thereafter. The obligation of Arcos Dorados to purchase Notes in the Offer is conditioned on the satisfaction or waiver of certain conditions, including, without limitation, the Financing Condition, described in the Offer Documents. Arcos Dorados reserves the right, in its sole discretion, to amend or terminate the Offer at any time. The Offer is being made in connection with an expected proposed offering of U.S. dollar denominated senior notes (the “New Notes”) to be issued by Arcos Dorados B.V., a subsidiary of Arcos Dorados (the “Proposed New Notes Offering”). The Proposed New Notes Offering will be exempt from the registration requirements of the U.S. Securities Act of 1933, as amended. If an offering of New Notes is announced, tendering Holders who wish to tender their Notes for cash and also subscribe for the New Notes should quote a unique identifier code corresponding to the New Notes being subscribed (“Unique Identifier Code”), which can be obtained by contacting any of the Dealer Managers, in their acceptance to DTC through the DTC Automated Offer Program (“ATOP”) or Electronic Acceptance Instruction. A Unique Identifier Code is not required for a Holder to tender its Notes, but if a tendering Holder wishes to subscribe for the New Notes, such Holder should obtain a Unique Identifier Code from a Dealer Manager and enter the Unique Identifier Code in its ATOP. If the proposed offering of New Notes is announced, Arcos Dorados will review tender instructions received on or prior to the pricing date of the New Notes, and may give priority to those investors ten

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