Arcos Dorados Offers Sustainability-Linked Senior Notes

Arcos Dorados Holdings Inc ARCO subsidiary Arcos Dorados B.V. will offer senior unsecured notes in a private placement to qualified institutional buyers.
The Notes are expected to be guaranteed on a senior unsecured basis by the company and certain of the company's subsidiaries.
The Notes will include sustainability performance targets associated with the company's commitments to reduce greenhouse gas emissions by 36% in its restaurants and offices and by 31% in its supply chain by 2030.
The company intends to use the proceeds to fund the tender offers and general corporate purposes.
Price Action: ARCO shares are trading higher by 0.42% at $7.63 on Monday's last check.