| THE COMPANY HAS THE FOLLOWING PUBLICY-TRADED DEBT OUTSTANDING: |
| Issuer |
Arcos Dorados B.V. |
Arcos Dorados B.V.
|
| INSTRUMENT |
Senior Unsecured Notes |
Senior Unsecured Notes |
| CURRENCY |
US$ |
US$ |
| AMOUNT |
US$350,000,000 |
US$600,000,000 |
| OUTSTANDING AMOUNT |
US$350,000,000 |
US$600,000,000 |
| COUPON |
6.125% Fixed1 |
6.375% Fixed |
| ISSUANCE |
21-Apr-22 |
29-Jan-25 |
| MATURITY |
27-May-29 |
29-Jan-32 |
| COUPON PAYMENTS |
Semi-annually: May 27, November 27 |
Semi-annually: Jan 29, Jul 29 |
| AMORTIZATIONS |
Bullet, Callable |
Bullet |
| TRUSTEE |
Citibank N.A. |
Citibank N.A. |
| IDENTIFIERS |
144A: |
144A: |
|
ISIN: US03965TAB98 |
ISIN: US03965TAC71 |
|
CUSIP: 03965TAB9 |
CUSIP: 03965TAC7 |
|
Bloomberg: BW0558104 |
Bloomberg: YS9376312 |
|
RegS: |
RegS: |
|
ISIN: USP04568AB06 |
ISIN: USP04568AC88 |
|
Bloomberg: BW0558112 |
Bloomberg: YS9376346 |
¹ Sustainability Performance Targets (SPTs): SPT1: Reduce Scopes 1 and 2 absolute Greenhouse Gas Emissions by 15% by 2025 compared with the 2021 baseline. SPT2: Reduce Scope 3 Greenhouse Gas Emission intensity by 10% by 2025 compared with the 2021 baseline.
In the event that the Company fails to achieve either SPT, the interest rate used to calculate the coupon payment will increase by 12.5 basis points for the remainder of the bond term. If the Company fails to achieve both SPTs, then the interest rate used to calculate the coupon payment will increase by 25 basis points for the remainder of the bond term. Click here for additional information
| Rating Agency |
Rating |
| FITCH |
BBB-, Stable Outlook |
| MOODY’S |
Ba1, Stable Outlook |
