Davis Polk advised Arcos Dorados Holdings Inc. in connection with the offering of $150 million aggregate principal amount of its 5.875% senior notes due 2027. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S and are guaranteed by certain subsidiaries of Arcos Dorados. The notes constitute an additional issuance of previously issued $265 million aggregate principal amount of the company’s 5.875% notes due 2027.

Headquartered in Montevideo, Uruguay, Arcos Dorados is the world’s largest 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.

The Davis Polk corporate team included partner Maurice Blanco and associates Hillary A. Coleman, Francisco J. Cespedosa and Concepción Olivera. Partner William A. Curran and associate Talya Presser provided tax advice. Associate Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Madrid offices.

Copy link to share post