Arcos Dorados Whispers Please

Sep 23, 2009

Arcos Dorados, the Argentina-based private holdco for the McDonald’s LatAm franchise, is out with initial talk of 8% area on a $450m 10-year NC5, which is apparently garnering significant investor interest on the roadshow. Despite the apparently large book, the deal is marked “will not grow”. The whispers appear tight versus comps. “Recent new issue LatAm BB corporates are currently...

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