Arcos Dorados Prices Private Placement of a Reopening of Its 10.25% Notes Due 2016

Arcos Dorados Holdings Inc. ARCO announced today the pricing of R$275,000,000 (US$145,966,033) of its Brazilian-real denominated senior unsecured 10.25% Notes due 2016 . The notes mature on July 13, 2016 and are guaranteed on a senior unsecured basis by certain of Arcos Dorados' subsidiaries. The notes sold in the offering will be issued at a price to the public of 102.529% plus accrued interest for the period from and including January 13, 2012 up to but excluding April 24, 2012. The notes were offered in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The notes offering is expected to close on April 24, 2012, subject to customary closing conditions.