Arcos Dorados has launched a cash tender offer to purchase up to USD 150 mn aggregate principal amount of its USD 350 mn outstanding 6.125% sustainability-linked senior notes due 2029. The tender will be funded with new bank debt at the Brazilian subsidiary, with the goal of reducing the company's cost of debt. The early tender price is marginally above the bond's market price over the past month, offering limited upside potential. However, holders who do not accept the offer will be left with b...
In the latest edition of our LatAm Trade Book, we review most of our current trade recommendations. We also discuss key metrics of the issuers and how the bonds fare relative to peers. Please reach out to our analysts to discuss any of these ideas, or other trade recommendations from our LatAm coverage.
In the latest edition of our LatAm Trade Book, we review most of our current trade recommendations. We also discuss key metrics of the issuers and how the bonds fare relative to peers. Please reach out to our analysts to discuss any of these ideas, or other trade recommendations from our LatAm coverage.
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