May 11, 2022 |
Arcos Dorados, the Uruguay-based franchiser of McDonald’s restaurants in Latin America and the Caribbean, said Monday that it plans to redeem $123 million worth of 6.625% 2023 bonds.
The Montevideo-based franchiser has offered to pay face value for the outstanding bonds and also cover remaining interest payments with a sweetener of 50 basis points over US Treasury notes. It expects to redeem the notes on June 10, it said in a statement on Monday.
Arcos Dorados did not say how it will pay for the
McDonald's franchiser plans to redeem $123 mln in 2023 notes on June 10