Financials, News, Presentations & Events

Long-Term Debt Profile

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

DEBT RATING:
Rating Agency Rating
FITCH BB, Stable Outlook
MOODY’S Ba2, Stable Outlook