Arcos Dorados Announces Pricing of Initial Public Offering
BUENOS AIRES, Argentina, April 13, 2011 /PRNewswire/ -- Arcos Dorados Holdings Inc. ("Arcos Dorados") announced today the pricing of its underwritten initial public offering of 73,484,164 class A shares at a price to the public of $17.00 per share. The shares are scheduled to begin trading on the New York Stock Exchange on April 14, 2011 under the symbol "ARCO."
Arcos Dorados is offering 9,529,412 class A shares and certain selling shareholders are offering 63,954,752 class A shares. The selling shareholders have granted the underwriters the option to purchase up to an additional 11,022,624 class A shares at the initial public offering price less the underwriting discount to cover over-allotments.
BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Itau BBA and Citi are acting as joint bookrunners for the offering.
A registration statement relating to this offering was declared effective by the United States Securities and Exchange Commission on April 8, 2011. Any offer or sale may be made solely by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the offering may be obtained from: (a) BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, attention: Prospectus Department, e-mail: [email protected], telephone: 866-500-5408; (b) J.P. Morgan Securities LLC, telephone: 866-803-9204; (c) Morgan Stanley, 180 Varick Street 2nd Floor, New York, NY 10014, attention: Prospectus Department, telephone: 866-718-1646; (d) Itau IBBA USA Securities, Inc., 767 Fifth Avenue 50th Floor, New York, NY 10153, USA, attention: Equity Sales Desk, telephone: 888-770-4828; or (e) Citi, Brooklyn Army Terminal, 140 58th Street, Brooklyn, NY 11220, telephone: 800-831-9146.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any 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.
For information please contact: |
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Investors: |
Press: |
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Sofia Chellew |
Flavia Vigio |
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Arcos Dorados - Director, Investor Relations |
Arcos Dorados - VP, Communications |
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(+5411) 4711-2515 |
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Latin America press: |
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Alessandra Ritondaro |
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S2Publicom |
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(+55 11) 5505-1628 |
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U.S. and Europe press: |
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Courtney Harper |
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Reputation Partners |
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(+1 312) 819-5722 |
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SOURCE Arcos Dorados Holdings Inc.
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