McDonald's Corporation (MCD) Secures Long-term Financing on Fixed Interest Rates

McDonald’s Corporation (NYSE:MCD) is one of the top stock picks in Ken Griffin’s portfolio. On August 27, the company strengthened its financial position by issuing $1.3 billion in medium-term notes.

The leading global fast-food chain issued $550 million of 4.400% medium-term notes due 2031 and $750 million of 5% medium-term notes due 2036. The strategic move is part of an ongoing medium-term notes program outlined last year. Additionally, the issuance allows the company to secure long-term financing at fixed interest rates.

The 4.4% and 5% medium-term notes underscore McDonald’s commitment to maintaining a robust financial strategy, thereby ensuring financial liquidity and flexibility. The issuance of the notes will enable the company to raise much-needed capital to support its strategic initiatives.

McDonald’s Corporation (NYSE:MCD) is a global restaurant company that operates and franchises quick-service restaurants worldwide. It serves millions of customers daily with a menu featuring popular items such as burgers, fries, and other fast food options.

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Disclosure: None. This article is originally published at Insider Monkey.