Arcos Dorados to redeem 6.125% sustainability notes due 2029
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Price: $7.53 -1.44%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.2%
Revenue Growth %: +20.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.2%
Revenue Growth %: +20.4%
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Arcos Dorados Holdings Inc. (NYSE: ARCO) announced its intent to redeem all outstanding 6.125% sustainability-linked senior notes due 2029, according to a press release from the company.
The notes will be redeemed at a price equal to 103.063% of the outstanding principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date. The anticipated redemption date is July 16, 2026.
A notice of redemption will be sent to note holders in accordance with the requirements of the indenture governing the notes.
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