Arcos Dorados Extends Tender Offer for 5.875% Notes Due 2027

TL;DR

Arcos Dorados extended its tender offer for 2027 notes, giving bondholders more time to sell.

AI Summary

Arcos Dorados Holdings Inc. announced on January 23, 2025, an extension of its cash tender offer for any and all of its outstanding 5.875% notes due 2027. The offer, originally set to expire on January 23, 2025, has been extended to allow more time for holders to participate.

Why It Matters

This extension provides bondholders more time to tender their notes, potentially impacting the company's debt structure and liquidity.

Risk Assessment

Risk Level: low — The filing is an administrative update regarding a tender offer extension, with no new financial or operational information that would significantly alter risk.

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 23, 2025 (date) — Filing and offer extension date

FAQ

Key Financial Figures

• $130,115,000 — ew York City time, on January 23, 2025, $130,115,000 in aggregate principal amount of Notes

Filing Documents

• dp223718_6k.htm (6-K) — 38KB
• image_001.jpg (GRAPHIC) — 2KB
• image_003.jpg (GRAPHIC) — 1KB
• image_002.jpg (GRAPHIC) — 4KB
• image_004.jpg (GRAPHIC) — 1KB
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• image_008.jpg (GRAPHIC) — 1KB
• 0000950103-25-000786.txt ( ) — 54KB

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, 1110 0 (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 23, 2025 titled “Arcos Dorados Announces Extension 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 23, 2025 Item 1 FOR IMMEDIATE RELEASE ARCOS DORADOS ANNOUNCES EXTENSION 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 23, 2025 – Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”) today announced that it has extended the expiration deadline of its previously announced offer to purchase for cash any and all of its outstanding 5.875% Notes due 2027 (the “Notes”) (the “Offer”). The Offer was previously scheduled to expire at 8:00 a.m., New York City time, on January 23, 2025 and will instead expire at 5:00 p.m., New York City time, on January 23, 2025 (the “Expiration Time”), unless further extended or early terminated by Arcos Dorados. If a holder of a Note has already validly tendered and not validly withdrawn Notes pursuant to the original Offer, such holder of Notes is not required to take any further action with respect to such Notes and such tender constitutes a valid tender for purposes of the Offer, as amended by this press release. As of 8:00 a.m., New York City time, on January 23, 2025, $130,115,000 in aggregate principal amount of Notes outstanding have been validly tendered and not validly withdrawn pursuant to the Offer. Holders of Notes who have not already done so may validly tender their Notes until the Expiration Time (as extended by this announcement). The Withdrawal Deadline was previously scheduled to expire at 8:00 a.m. New York City time, on January 23, 2025, and will instead expire at 5:00 p.m. New York City time, on January 23, 2025. Holders of Notes who validly tender their Notes on or before the Expiration Time are eligible to receive the Consideration in connection with any such Notes accepted for tender. 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 a 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. The offering of New Notes was announced on January 17, 2025. 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. 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 tendering with Unique Identifier Codes in connection with the allocation of New Notes. However, no assurances can be given that any Holder that tenders its Notes will be given an allocation of New Notes at the levels it may subscribe for, or at all. The Company reserves the right, in its sole and absolute discretion, to extend

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View this 6-K filing on SEC EDGAR