Summary by Moomoo AI
McDonald's Corporation, rated Baa1 by Moody's and BBB+ by S&P, has successfully issued two sets of SEC-Registered Senior Unsecured Fixed Rate Medium-Term Notes on May 14, 2024, with settlement due on May 17, 2024. The first issuance, totaling USD 500 million, carries a 5.000% coupon and matures on May 17, 2029. The second, also worth USD 500 million, has a 5.200% coupon and is due on May 17, 2034. Both issuances will pay semi-annual coupons starting November 17, 2024, and feature optional redemption provisions allowing McDonald's to redeem the notes before their respective maturity dates under certain conditions. The offerings were managed by a syndicate of banks, including BofA Securities, MUFG Securities Americas, RBC Capital Markets, and U.S. Bancorp Investments as joint bookrunners, among others. The notes are intended for qualified investors, with specific provisions prohibiting sales to retail investors in the EEA and the UK.
