McIPO: Arcos Dorados Investors Are Lovin’ It

Patrick Archer foreign investment, franchises, us companies

Arcos Dorados, McDonald’s largest global franchisee is preparing for what will be one of Latin America’s biggest IPOs ever. Buenos Aires-based Arcos, the group that owns the largest chain of restaurants in South America, will formally announce the IPO in the next week, and sources say shares could begin trading as early as April. According to Cronista, Bank of America, …

Argentina’s Golden Arches Burning Brightly

Patrick Archer foreign investment, franchises, us companies

Bloomberg is reporting that Buenos Aires-based Arcos Dorados, owner of the license to operate McDonald’s restaurants in Argentina and several other Latin American countries, will tap international debt markets and issue $450 million in 10 year bonds this week. Bank of America Merrill Lynch and Morgan Stanley will manage what Bloomberg calls “the first Argentine corporate bond sale in international …