Arcos Dorados Announces Launch of Public Offering of Class A Shares

Brazil - Português

• Latin America - español
• USA - English

BUENOS AIRES, Argentina, March 25, 2011 /PRNewswire/ -- Arcos Dorados Holdings Inc. ("Arcos Dorados") announced today the launch of an underwritten initial public offering of its class A shares at a price range between $13.00 to $15.00 per class A share.  Arcos Dorados will offer 12,461,539 class A shares, while certain selling shareholders will offer 50,000,000 class A shares. The class A shares will be registered with the U.S. Securities and Exchange Commission and will trade on the New York Stock Exchange.

Arcos Dorados will use $150.0 million of the proceeds from the sale of its class A Shares for capital expenditures such as opening and reimaging restaurants.

BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Itau BBA and Citi are acting as joint bookrunners for the offering. The offering will be made only by means of a prospectus. A prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, attention: Prospectus Department, or e-mail [email protected]; from Morgan Stanley, 180 Varick Street 2nd Floor, New York, NY 10014, attention: Prospectus Department, telephone: 866-718-1646; or Itau IBBA USA Securities, Inc., 767 Fifth Avenue 50th Floor, New York, NY 10153, USA, attention: Equity Sales Desk, telephone: +1 212-710-6756; or from Citi, Brooklyn Army Terminal, 140 58th Street, Brooklyn, NY 11220, telephone: 877-858-5407.

A registration statement on Form F-1 relating to the securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

About Arcos Dorados

Arcos Dorados is the world's largest McDonald's franchisee, in terms of systemwide sales and number of restaurants, and the largest quick service restaurant chain in Latin America and the Caribbean, with restaurants in 19 countries and territories.

SOURCE Arcos Dorados Holdings Inc.