Arcos FO Seen as Soon as Today

Arcos FO Seen as Soon as Today

Argentina Brazil Equity

Arcos Dorados’ $1bn follow-on could price as soon as today, investors say, with indications that the book was at least half covered by Tuesday afternoon. No official pricing date had been set as of Tuesday afternoon, and the issuer has been scheduling meeting for today. Arcos’ private equity investors plan to sell 40.4m secondary shares, which would raise $1.05bn at Monday’s $23.67 close if a 10% greenshoe is included. “This is of course a great story, but we’ll see if t

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