![]() ![]() *2 - Spare Tyre Wheel is Steel Material.*1 - Fuel efficiency as certified by the test agency under rule 115 of CMVR, 1989 under standard test conditions.The company has more than $40 billion in total debt outstanding as of Wednesday, according to data compiled by Bloomberg. This is the chain’s second time tapping the bond market this year after it came to the European market in February. The company has maturities upcoming in other currencies as well, including euros and Australian dollars later this year, according to the research firm and data compiled by Bloomberg. Other potential uses for the new debt include capex to support management’s “experience of the future” initiative for restaurant modernization investments, according to a CreditSights note on Wednesday. ![]() The new issue could keep debt tight to other BBB consumer-company bonds, helped by revenue momentum and improved credit metrics over recent quarters, she added. “The new debt could push out part of the $4 billion of bonds maturing through 2024 as McDonald’s balances the priorities of applying cash flow to shareholders and helping franchisees, whose margins have been squeezed by input pressures,” said Jody Lurie, a senior credit analyst for Bloomberg Intelligence in a Wednesday note. ![]() The debt is rated Baa1 by Moody’s Investors Service and BBB+ by S&P Global Ratings. Initial discussions suggested 1.5 to 1.55 points.Ĭitigroup Inc. The longest portion, an $800 million 30-year tranche yielded 1.28 percentage point over Treasuries, said the person, who asked not to be identified as the details are private. The fast food giant sold $2 billion of investment-grade rated bonds in three parts, according to a person with knowledge of the matter. Once Asia's Richest Woman, China Property Tycoon Loses More Wealth Than Any Billionaire Retirees Face $17,400 Cut to Social Security Benefits in 2033įirst American City to Tame Inflation Owes Its Success to Affordable HousingĮveryone Wants to Work at UPS After Teamsters Deal sold bonds to repay debt ahead of a batch of maturities due next year.Įcuador Presidential Candidate Assassinated, Suspect Shot Dead ![]()
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