Report of Foreign Issuer (6-k)
September 11 2020 - 8:08AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2020
Commission File Number: 001-35129
Arcos Dorados Holdings Inc.
(Exact name of registrant as specified
in its charter)
Dr. Luis Bonavita 1294, Office 501
Montevideo, Uruguay, 11300 WTC Free
Zone
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
ARCOS DORADOS HOLDINGS INC.
TABLE OF CONTENTS
ITEM
|
|
1.
|
Press
Release dated September 10, 2020 titled “Arcos Dorados Announces Pricing of its 5.875% Senior Notes due 2027”
|
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
|
Arcos Dorados Holdings Inc.
|
|
|
|
|
|
|
|
|
By:
|
/s/
Juan David Bastidas
|
|
|
|
Name:
|
Juan David Bastidas
|
|
|
|
Title:
|
Chief Legal Counsel
|
|
Date: September 11, 2020
Item
1
FOR IMMEDIATE RELEASE
Arcos Dorados Announces Pricing of its
5.875% Senior Notes due 2027
Montevideo,
Uruguay, September 10, 2020 – Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”)
today announced the pricing of U.S.$150,000,000 aggregate principal amount of 5.875% Senior Notes due 2027 to be issued by the
Company (the “New Notes”). The New Notes will be issued at a price of 102.250% plus accrued interest from April 4,
2020 in the amount of approximately U.S.$26.27 per U.S.$1,000 principal amount of the notes, or an aggregate amount of U.S.$3,941,145.83.
The New Notes mature on April 4, 2027 and will be guaranteed on a senior unsecured basis by certain of the Company’s subsidiaries.
They constitute an additional issuance of previously issued US$265,000,000 aggregate principal amount of the Company’s 5.875%
Notes due 2027. The New Notes will be senior unsecured indebtedness and will rank equal in right of payment with all of the Company’s
and the subsidiary guarantors’ existing and future senior unsecured indebtedness. The New Notes were offered in a private
placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities
Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The settlement
of the New Notes offering is expected to take place on September 15, 2020, subject to customary closing conditions.
The proceeds
from the New Notes offering will be used by the Company to repay short-term indebtedness and for general corporate purposes.
This press
release is not an offer to sell or a solicitation of an offer to buy any security.
*****
About
Arcos Dorados
Arcos Dorados is the world’s
largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the
Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American
and Caribbean countries and territories with more than 2,200 restaurants, operated by the Company or by its sub-franchisees, that
together employ over 100 thousand people (as of 06/30/2020). The Company is also committed to the development of the communities
in which it operates, to providing young people their first formal job opportunities and to utilize its Scale for Good to achieve
a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO).
Investor Relations Contact
Daniel Schleiniger
Vice President of Investor Relations
daniel.schleiniger@ar.mcd.com
T: +54 11 4711 2535
Cautionary
Statement About Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are proceeded
by words such as “believes,” “expects,” “may,” “anticipates,” “plans,”
“intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained
herein include statements about the Company’s New Notes offering and the intended use of proceeds. These expectations may
or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition,
Arcos Dorados’ business and operations involve numerous risks and uncertainties, many of which are beyond the control of
Arcos Dorados, which could result in Arcos Dorados’ expectations not being realized or otherwise materially affect the financial
condition, results of operations and cash flows of Arcos Dorados. Some of the factors that could cause future results to materially
differ from recent results or those projected in forward-looking statements are described in Arcos Dorados’ filings with
the United States Securities and Exchange Commission.
The forward-looking statements
are made only as of the date hereof, and Arcos Dorados does not undertake any obligation to (and expressly disclaims any obligation
to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect
the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation
of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in
mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur,
and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted,
projected or otherwise.
Arcos Dorados (NYSE:ARCO)
Historical Stock Chart
From Apr 2024 to May 2024
Arcos Dorados (NYSE:ARCO)
Historical Stock Chart
From May 2023 to May 2024