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McDonald's | 424B2: Prospectus

SEC announcement ·  May 15 15:46
Summary by Moomoo AI
McDonald's Corporation has announced the issuance of Medium-Term Fixed Rate Notes due in five years, with the principal amount set at USD 500,000,000. The notes, priced at 99.624% of their principal amount, will be issued on May 17, 2024, with a stated maturity date of May 17, 2029. The interest rate is fixed at 5.000% per annum, with interest payments to be made semi-annually on May 17 and November 17, starting from November 17, 2024. The notes are book-entry and can be optionally redeemed by the company before the stated maturity date. The redemption price will be the greater of a calculated sum based on the Treasury Rate plus 10 basis points or 100% of the principal amount, with additional terms applying if redeemed before the Par Call Date...Show More
McDonald's Corporation has announced the issuance of Medium-Term Fixed Rate Notes due in five years, with the principal amount set at USD 500,000,000. The notes, priced at 99.624% of their principal amount, will be issued on May 17, 2024, with a stated maturity date of May 17, 2029. The interest rate is fixed at 5.000% per annum, with interest payments to be made semi-annually on May 17 and November 17, starting from November 17, 2024. The notes are book-entry and can be optionally redeemed by the company before the stated maturity date. The redemption price will be the greater of a calculated sum based on the Treasury Rate plus 10 basis points or 100% of the principal amount, with additional terms applying if redeemed before the Par Call Date of April 17, 2029. After the Par Call Date, the notes can be redeemed at 100% of the principal amount plus accrued interest. The offering involves several financial institutions as joint bookrunners and co-managers, with BofA Securities, Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, and U.S. Bancorp Investments, Inc. leading the distribution of the notes. The notes are not subject to a sinking fund and are not considered amortizing notes. The net proceeds to McDonald's from the issuance are 99.274% of the principal amount after accounting for an agents' discount of 0.350%. The notes have been assigned CUSIP number 58013MFX7 and ISIN US58013MFX74.

This announcement is a separate document:

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