| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for McDonald's Corp. > News item |
Fitch rates McDonald’s notes BBB+
Fitch Ratings said it assigned a BBB+ rating to McDonald's Corp.’s €2 billion (about $2.3 billion) and $2 billion multi-tranche debt issuances.
At March 31, McDonald's had $14.3 billion of total debt.
The euro issuance includes €600 million 4.25-year floating rate notes, €800 million seven-year 1.125% senior notes and €600 million 1.875% 12-year senior notes. The dollar-denominated issuance includes $700 million five-year senior unsecured notes, $700 million 10-year senior unsecured notes and $600 million 30-year notes.
The notes, which rank pari passu with existing debt, are being issued under McDonald's U.S. medium-term notes shelf registration dated Sept. 28, 2012 and global medium-term notes program dated Nov. 13, 2014. Terms do not include financial covenants.
Proceeds will be used for general corporate purposes.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.