Arcos Dorados finishes bond buyback

Arcos Dorados finishes bond buyback

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Caribbean Latin America Uruguay

Arcos Dorados, the Uruguay-based franchiser of McDonald's restaurants in Latin America and the Caribbean, said Monday that it agreed to repurchase $150 million worth of 5.875% 2027 bonds after investors tendered $230 million by the early deadline on April 29. Arcos Dorados agreed to pay bondholders $1,029.38, including a $30 premium, for every $1,000 in principal, it said in a press release. The Montevideo-based franchiser offered last month to buy back all $202 million in 6.625 2023 bonds and u

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