Milbank LLP advised the initial purchasers and dealer managers in connection with the offering by Arcos Dorados B.V. of US$600 million aggregate principal amount of 6.375% senior notes due 2034 and the offer to purchase any and all of its 5.875% senior notes due 2027.
Arcos Dorados is the world’s largest independent McDonald’s franchisee, with the right to own, operate and grant franchises in 20 countries and territories in Latin America and the Caribbean.
“We are pleased to have advised our clients on this strategic offering by Arcos Dorados,” said Marcelo Mottesi, chair of Milbank’s Corporate Finance and Securities practice and co-head of the firm’s Latin America group. “This marks another successful transaction for our firm in the active Latin American debt capital markets.”
The Milbank deal team was led by Mr. Mottesi along with special counsel Gonzalo Guitart, associates Marco Zaldívar and Alyssa Julian and international attorney Manuel Etchevehere.
