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McDonald’s Corporation (NYSE:MCD) announced Wednesday that it has issued $1.3 billion in medium-term notes, according to a statement filed with the Securities and Exchange Commission.
The company issued $550 million of 4.400% medium-term notes due 2031 and $750 million of 5.000% medium-term notes due 2036. The offering was made under McDonald’s existing medium-term notes program, as outlined in its registration statement on Form S-3, filed with the SEC on August 12, 2024. Pricing supplements related to the notes were dated August 18, 2025.
A legal opinion regarding the validity of the notes, provided by Desiree Ralls-Morrison, Executive Vice President and Global Chief Legal Officer of McDonald’s, was included as an exhibit in the filing.
The company’s common stock trades on the New York Stock Exchange under the symbol MCD.
This information is based on a press release statement included in McDonald’s SEC filing.
In other recent news, McDonald’s has made headlines with its decision to lower prices on several combo meals. Reports indicate that McDonald’s and its franchisees have agreed to offer a 15% discount on eight popular combo meals, aiming to enhance the brand’s value perception among consumers. This move is part of a broader pricing strategy that includes the introduction of new limited-time $5 breakfast combos and $8 meal specials featuring options like the Big Mac and 10-piece McNuggets.
Analyst firms have taken note of these developments. Stifel raised its price target for McDonald’s to $315, maintaining a Hold rating, citing the company’s value meal strategy. TD Cowen also reiterated its Hold rating and $315 price target, acknowledging the anticipated price reductions. According to research from Raymond James, the planned discounts represent a more significant reduction than the current average of 10-11%. These recent developments suggest McDonald’s is focusing on competitive pricing to attract more customers.
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