McDonald’s Corp.’s multi-tranche debt issuance was assigned a credit rating of BBB+ by Fitch Ratings, with a negative outlook. The EUR2.5bn issuance includes four-year, seven-year, and twelve-year fixed-rate senior unsecured notes.
The issued notes, which rank pari passu with the company’s existing debt, are being issued under its global medium-term notes program dated 13 November 2014.
The notes do not include financial covenants. Proceeds would be utilized for general corporate purposes, inclusive of share repurchases.