| 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$214,804,000 |
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.
The Company informed the Trustee that it achieved both SPTs, therefore the terms of the bond will not change. In the event the Company had failed to achieve either SPT, the interest rate used to calculate the coupon payment would have increased by 12.5 basis points for the remainder of the bond term. If the Company had failed to achieve both SPTs, then the interest rate used to calculate the coupon payment would have increased by 25 basis points for the remainder of the bond term. Click here for additional information
| Rating Agency |
Rating |
| FITCH |
BBB-, Stable Outlook |
| S&P GLOBAL |
BBB-, Stable Outlook |
