UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of
January, 2025
Commission File
Number: 001-35129
Arcos Dorados
Holdings Inc.
(Exact name of registrant as specified in its
charter)
Río Negro
1338, First Floor
Montevideo, Uruguay,
11100
(Address of principal
executive office)
Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
ARCOS DORADOS
HOLDINGS INC.
TABLE OF CONTENTS
ITEM |
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1. |
Press Release dated January 24, 2025 titled “Arcos Dorados Announces
Tender Results and Expiration Time of Cash Tender Offer for Any and All of its Outstanding 5.875% Notes due 2027” |
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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Arcos Dorados Holdings Inc. |
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By: |
/s/ Juan David Bastidas |
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Name: |
Juan David Bastidas |
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Title: |
Chief Legal Counsel |
Date:
January 24, 2025
Item 1
ARCOS DORADOS
ANNOUNCES TENDER RESULTS AND EXPIRATION TIME OF CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 5.875% NOTES DUE 2027
(CUSIP NOS. 03965U AC4 / G0457F AC1)
Montevideo, Uruguay,
January 24, 2025– Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”) today
announced the tender results in connection with its offer to purchase for cash any and all of its outstanding 5.875% Notes due 2027 (the
“Notes”) (the “Offer”). The Offer was made upon the terms and subject to the conditions (including the Financing
Condition (as defined in the Offer to Purchase)) set forth in the offer to purchase dated January 15, 2025 (the “Offer to Purchase”)
and the notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the
“Offer Documents”).
As previously announced,
the expiration time for the Offer was 5:00 p.m., New York City time, on January 23, 2025 (such date and time, the “Expiration Time”).
As of the Expiration Time, U.S.$136,145,000 in aggregate principal amount of the Notes outstanding had been validly tendered and not
withdrawn pursuant to the Offer. Settlement of the Offer is expected to occur on or about January 29, 2025 (the “Settlement Date”).
The table below
summarizes certain payment terms for the Notes:
Description
of Security |
CUSIP
Number(s) |
ISIN
Number(s) |
Outstanding
Principal Amount |
Consideration
per U.S.$1,000 Outstanding Principal Amount (1) |
Aggregate
Principal Amount Validly Tendered(2) |
Aggregate
Principal Amount Outstanding After Giving Effect to Settlement of the Tender Offer |
5.875%
Notes due 2027 |
03965U AC4
/ G0457F AC1 |
US03965UAC45
/
USG0457FAC17 |
U.S.$385,986,000 |
U.S.$1,000 |
U.S.$136,145,000 |
U.S.$249,841,000 |
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(1) | The
Consideration for the Notes will be paid together with accrued and unpaid interest from the
last interest payment date for the Notes up to, but not including, the Settlement Date. |
| (2) | Subject
to satisfaction of the terms and conditions described in the Offer Documents, including,
without limitation, the Financing Condition. |
Upon the terms and
subject to the conditions of the Offer set forth in the Offer Documents, all Notes validly tendered and not validly withdrawn at or prior
to the Expiration Time, if accepted by Arcos Dorados for purchase, will be paid in full by Arcos Dorados on the Settlement Date and all
Holders who validly tendered and did not validly withdraw their Notes at any time at or prior to the Expiration Time will receive the
Consideration plus accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the Settlement
Date, at that time.
Payment by Arcos
Dorados for Notes tendered and accepted for payment pursuant to a Notice of Guaranteed Delivery is expected to occur on the Settlement
Date.
The obligation of
Arcos Dorados to purchase Notes in the Offer is conditioned on the satisfaction or waiver of certain conditions, including, without limitation,
the Financing Condition, described in the Offer Documents.
The information
and tender agent for the Offer is Global Bondholder Services Corporation. To contact the information and tender agent, banks and brokers
may call +1 (212) 430-3774, and others may call U.S. toll-free: +1 (855)-654-2015 or email contact@gbsc-usa.com. Additional contact information
is set forth below.
By
Mail, Hand or Overnight Courier
65 Broadway –
Suite 404
New York, NY
10006
Attention: Corporate
Actions |
By
Facsimile Transmission
+1 (212) 430-3775/3779
Attention: Corporate
Actions |
Confirmation
by Telephone
+1 (212) 430-3774
Toll free: +1
(855) 654-2015 |
E-mail
contact@gbsc-usa.com |
Copies of each of
the Offer Documents are available at the following web address: https://www.gbsc-usa.com/arcos/
Any questions or
requests for assistance or for additional copies of this notice may be directed to the Dealer Managers at their respective telephone
numbers set forth below or, if by any Holder, to such Holder’s broker, dealer, commercial bank, trust company or other nominee
for assistance concerning the Offer.
The Dealer Managers
for the Offer are:
BBVA
Securities Inc. |
Citigroup
Global Markets Inc. |
Itau
BBA USA Securities, Inc. |
J.P.
Morgan Securities LLC |
Santander
US Capital Markets LLC |
Two Manhattan
West,
375 9th Ave,
9th Floor,
New York, NY
10001
United States |
388 Greenwich
Street,
Trading 4th Floor
New York, NY
10013
United States |
599
Lexington Avenue, 34th Floor,
New
York, NY 10022
United
States |
383 Madison
Avenue, 6th Floor New York, NY 10179
United States |
437
Madison Avenue
New
York, NY 10022
United
States |
Attn: Liability
Management |
Attn: Liability
Management Group |
Attn:
Debt Capital Markets |
Attn: Latin
America Debt Capital Markets |
Attn: Liability
Management |
E-mail:
liabilitymanagement@bbva.com |
E-mail:
ny.liabilitymanagement@citi.com |
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E-mail:
AmericasLM@santander.us |
Collect:
(212) 728-2446
Toll-Free: +1
(800) 422-8692 |
Collect:
+1 (212)-723-6106
Toll-Free: +1
(800) 558-3745 |
Collect:
+1 (212) 710-6749
Toll
Free: +1 (888) 770-4828 |
Collect:
+1 (212) 834-7279
Toll Free: +1
(866) 846-2874 |
Collect:
+1(212) 350-0660
Toll Free: +1(855)
404-3636 |
This notice does
not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other
securities in the United States or any other country, nor shall it or any part of it, or the fact of its release, form the basis of,
or be relied on or in connection with, any contract therefor. The Offer is made only by and pursuant to the terms of the Offer Documents,
and the information in this notice is qualified by reference to the Offer and the Notice of Guaranteed Delivery. None of Arcos Dorados,
the Dealer Managers or the information and tender agent makes any recommendation as to whether Holders should tender their Notes pursuant
to the Offer.
Investor
Relations Contact
Dan Schleiniger
VP of Investor Relations
Arcos Dorados
daniel.schleiniger@mcd.com.uy
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Media
Contact
David
Grinberg
VP of
Corporate Communications
Arcos
Dorados
david.grinberg@mcd.com.uy |
Follow
us on:
About Arcos Dorados |
Arcos Dorados is the world’s largest
independent McDonald’s franchisee, operating 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 with more than 2,400 restaurants,
operated or franchised by the Company or by its sub-franchisees, that together employ more than 100,000 people (as of 09/30/2024). The
Company is also committed to the development of the communities in which it operates, to providing young people their first formal job
opportunities and to utilize its Recipe for the Future to achieve a positive environmental
impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit
the Investors section of our website: www.arcosdorados.com/ir.
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