Cleary Gottlieb represented McDonald’s Corporation in connection with a recent three-tranche offering of investment-grade notes, which included same-day offerings in Europe and the United States. In Europe, McDonald’s issued €400 million of 2.625% senior notes due 2029 and £300 million of 4.125% senior notes due 2054 in takedowns from the company’s GMTN program. The European offering was conducted pursuant to Regulation S, and those notes are listed on the Luxembourg Stock Exchange. In the U.S. offering, McDonald’s issued $500 million of 3.250% Medium-Term Notes due 2024 in a takedown from the company’s SEC-registered MTN program. The transactions launched and priced on June 4; the U.S. offering closed on June 9, while the European offering closed on June 11.
For the U.S. deal, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities, Merrill Lynch, Morgan Stanley and RBS Securities acted as joint bookrunners and the dealer syndicate also included 6 other financial institutions. For the Euro and Pounds Sterling deals, Citigroup Global, Goldman Sachs, J.P. Morgan Securities, Merrill Lynch, Morgan Stanley and The Royal Bank of Scotland acted as joint bookrunners and the dealer syndicate also included 8 other financial institutions.
McDonald’s is a leading global food service retailer with more than 35,000 local restaurants in over 100 countries.
