Arcos Dorados (NYSE:ARCO) today announced that its Brazilian subsidiary, Arcos Dourados Comércio de Alimentos Ltda., has received total proceeds of 613.9 million Brazilian Reais (BRL or R$) under a secured loan agreement. The loan agreement, which was signed on March 29, 2016, had a US dollar equivalent of US$167.3 million as of the signing date.
Arcos Dorados Signs FourYear Loan Agreement in Brazil
Arcos Dorados (NYSE:ARCO) today announced that its Brazilian subsidiary, Arcos Dourados Comércio de Alimentos Ltda., has received total proceeds of 613.9 million Brazilian Reais (BRL or R$) under a secured loan agreement. The loan agreement, which was signed on March 29, 2016, had a US dollar equivalent of US$167.3 million as of the signing date.
Arcos Dorados (NYSE:ARCO) today announced that its Brazilian subsidiary, Arcos Dourados Comércio de Alimentos Ltda., has received total proceeds of 613.9 million Brazilian Reais (BRL or R$) under a secured loan agreement. The loan agreement, which was signed on March 29, 2016, had a US dollar equivalent of US$167.3 million as of the signing date.
The loan proceeds will be used primarily to repay the Company’s BRL-denominated bond maturing on July 13, 2016. The Company previously repurchased R$48.2 million of the outstanding R$675 million principal of its BRL-denominated bond.
The Company structured the transaction with five lenders namely Citibank
Arcos Dorados (NYSE:ARCO) today announced that its Brazilian subsidiary, Arcos Dourados Comércio de Alimentos Ltda., has received total proceeds of 613.9 million Brazilian Reais (BRL or R$) under a secured loan agreement. The loan agreement, which was signed on March 29, 2016, had a US dollar equivalent of US$167.3 million as of the signing date.
Arcos Dorados Signs FourYear Loan Agreement in Brazil
Arcos Dorados (NYSE:ARCO) today announced that its Brazilian subsidiary, Arcos Dourados Comércio de Alimentos Ltda., has received total proceeds of 613.9 million Brazilian Reais (BRL or R$) under a secured loan agreement. The loan agreement, which was signed on March 29, 2016, had a US dollar equivalent of US$167.3 million as of the signing date.
Arcos Dorados (NYSE:ARCO) today announced that its Brazilian subsidiary, Arcos Dourados Comércio de Alimentos Ltda., has received total proceeds of 613.9 million Brazilian Reais (BRL or R$) under a secured loan agreement. The loan agreement, which was signed on March 29, 2016, had a US dollar equivalent of US$167.3 million as of the signing date.
The loan proceeds will be used primarily to repay the Company’s BRL-denominated bond maturing on July 13, 2016. The Company previously repurchased R$48.2 million of the outstanding R$675 million principal of its BRL-denominated bond.
The Company structured the transaction with five lenders namely Citibank