Arcos Dorados takes orders for SLBs

Arcos Dorados takes orders for SLBs

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets ESG Sustainability-Linked Latin America Caribbean Uruguay

Arcos Dorados, the Uruguay-based franchiser of McDonald's restaurants in Latin America and the Caribbean, plans to sell sustainability-linked bonds (SLBs) on Thursday to cover the buyback of up to $352 million in notes that mature in 2023 and 2027, according to a source close to the deal. The company began calling investors on Monday and has hired four banks - Citi, Itaú BBA, JPMorgan and Santander - to arrange a two-part, benchmark-sized deal with maturities of seven and 10 years, the source sa

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