BUSINESS WIRE<\/a>)–
\nArcos Dorados Holdings Inc. (NYSE: ARCO) (\u201cArcos Dorados\u201d or the \u201cCompany\u201d) today announced that it has extended the expiration deadline of its previously announced offer to purchase for cash any and all of its outstanding 5.875% Notes due 2027 (the \u201cNotes\u201d) (the \u201cOffer\u201d).<\/p>\n\nThe Offer was previously scheduled to expire at 8:00 a.m., New York City time, on January 23, 2025 and will instead expire at 5:00 p.m., New York City time, on January 23, 2025 (the \u201cExpiration Time\u201d), unless further extended or early terminated by Arcos Dorados. If a holder of a Note has already validly tendered and not validly withdrawn Notes pursuant to the original Offer, such holder of Notes is not required to take any further action with respect to such Notes and such tender constitutes a valid tender for purposes of the Offer, as amended by this press release.<\/p>\n
\nAs of 8:00 a.m., New York City time, on January 23, 2025, $130,115,000 in aggregate principal amount of Notes outstanding have been validly tendered and not validly withdrawn pursuant to the Offer.<\/p>\n
\nHolders of Notes who have not already done so may validly tender their Notes until the Expiration Time (as extended by this announcement). The Withdrawal Deadline was previously scheduled to expire at 8:00 a.m. New York City time, on January 23, 2025, and will instead expire at 5:00 p.m. New York City time, on January 23, 2025. Holders of Notes who validly tender their Notes on or before the Expiration Time are eligible to receive the Consideration in connection with any such Notes accepted for tender.<\/p>\n
\nThe 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. Arcos Dorados reserves the right, in its sole discretion, to amend or terminate the Offer at any time.<\/p>\n
\nThe Offer is being made in connection with a proposed offering of U.S. dollar denominated senior notes (the \u201cNew Notes\u201d) to be issued by Arcos Dorados B.V., a subsidiary of Arcos Dorados (the \u201cProposed New Notes Offering\u201d). The Proposed New Notes Offering will be exempt from the registration requirements of the U.S. Securities Act of 1933, as amended.<\/p>\n
\nThe offering of New Notes was announced on January 17, 2025. Tendering Holders who wish to tender their Notes for cash and also subscribe for the New Notes should quote a unique identifier code corresponding to the New Notes being subscribed (\u201cUnique Identifier Code\u201d), which can be obtained by contacting any of the Dealer Managers, in their acceptance to DTC through the DTC Automated Offer Program (\u201cATOP\u201d) or Electronic Acceptance Instruction. A Unique Identifier Code is not required for a Holder to tender its Notes, but if a tendering Holder wishes to subscribe for the New Notes, such Holder should obtain a Unique Identifier Code from a Dealer Manager and enter the Unique Identifier Code in its ATOP.<\/p>\n
\nArcos Dorados will review tender instructions received on or prior to the pricing date of the New Notes, and may give priority to those investors tendering with Unique Identifier Codes in connection with the allocation of New Notes. However, no assurances can be given that any Holder that tenders its Notes will be given an allocation of New Notes at the levels it may subscribe for, or at all.<\/p>\n
\nThe Company reserves the right, in its sole and absolute discretion, to extend, withdraw, terminate or amend the terms and conditions of the Offer at any time for any reason.<\/p>\n
\nThe 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<\/a>. Additional contact information is set forth below.<\/p>\n
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