| THE COMPANY HAS THE FOLLOWING PUBLICY-TRADED DEBT OUTSTANDING: |
| Issuer |
Arcos Dorados Holdings Inc. |
Arcos Dorados Holdings Inc. |
Arcos Dorados B.V. |
| INSTRUMENT |
Senior Unsecured Notes |
Senior Unsecured Notes |
Senior Unsecured Notes |
| CURRENCY |
US$ |
US$ |
US$ |
| AMOUNT |
US$473,767,000 |
US$265,000,000 |
US$350,000,000 |
| OUTSTANDING AMOUNT |
US$19,524,000¹ |
US$385,986,000² |
US$350,000,000 |
| COUPON |
6.625% Fixed |
5.875% Fixed |
6.125% Fixed³ |
| ISSUANCE |
September 27, 2013 |
April 4, 2017 |
April 21, 2022 |
| MATURITY |
September 27, 2023 |
April 4, 2027 |
May 27, 2029 |
| COUPON PAYMENTS |
Semi-annually: September 27, March 27 |
Semi-annually: October 4, April 4 |
Semi-annually: May 27, November 27 |
| AMORTIZATIONS |
Bullet, Non-callable |
Bullet, Callable |
Bullet, Callable |
| TRUSTEE |
Citibank N.A. |
Citibank N.A. |
Citibank N.A. |
| IDENTIFIERS |
144A: |
144A: |
144A: |
|
ISIN: US03965UAB61 |
ISIN: US03965UAC45 |
ISIN: US03965TAB98 |
|
CUSIP: 03965UAB6 |
CUSIP: 03965UAC4 |
CUSIP: 03965TAB9 |
|
Bloomberg: EJ8540720 |
Bloomberg: AN0815885 |
Bloomberg: BW0558104 |
|
RegS: |
RegS: |
RegS: |
|
ISIN: USG0457FAD99 |
ISIN: USG0457FAC17 |
ISIN: USP04568AB06 |
|
Bloomberg: EJ8540787 |
Bloomberg: AN0816354 |
Bloomberg: BW0558112 |
¹ Net of the US$ 80,000,000 tendered during June 2016, US$ 45,698,000 tendered during March and April 2017, US$ 131,476,000 exchanged for 2027 Senior Notes during September and October 2020, and US$ 59,239,000 tendered during April 2022. In 2021, the Company repurchased and cancelled US$ 14,830,000 of the outstanding principal amount of 2023 Notes. In June 2022, the Company also redeemed US$ 123,000,000 of the outstanding principal amount of 2023 Notes.
² Net of US$ 150,000,000 issued as part of the reopening of the 2027 Senior Notes in September 2020, US$ 138,354,000 issued in October 2020 in the above mentioned exchange of the US$ 131,476,000 2023 notes and US$ 150,00,000 tendered during May 2022. In 2021, the Company also repurchased and cancelled US$ 17,368,000 of the outstanding principal amount of 2027 Notes.
³ 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 |
BB+, Stable Outlook |
| MOODY’S |
Ba2, Stable Outlook |
