Arcos Launches Equity Sale

Arcos Launches Equity Sale

Argentina Brazil Equity

Arcos Dorados has launched a $1bn follow-on and could price as soon as Wednesday, but news that the LatAm McDonald’s franchise is venturing forth has so far failed to raise expectations for more ECM activity through to year-end. Arcos holders plan to sell 40.4m secondary shares, which would raise $1.07bn at Monday’s $24.12 close if a 10% greenshoe is included. A successful deal would restate the case that equity market is open for follow-ons from well-known issuers – if there are

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