Davis Polk advised Arcos Dorados Holdings Inc. (“Arcos Dorados”) in connection with its cash tender offer for up to $80 million of its 6.625% senior notes due 2023.

Headquartered in Montevideo, Uruguay, Arcos Dorados is the world’s largest McDonald’s franchisee in terms of system-wide sales and number of restaurants, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories.

The Davis Polk corporate team included partner Maurice Blanco and associate Meghan Maloney. Partner Rachel D. Kleinberg and associate William A. Curran provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.