McDonald’s (NYSE: MCD) prices $1.3B medium-term notes due 2031, 2036

Rhea-AI Filing Summary

McDonald’s Corporation reported that on August 27, 2025 it issued $550,000,000 of 4.400% Medium-Term Notes due 2031 and $750,000,000 of 5.000% Medium-Term Notes due 2036 under its existing medium-term notes program. These new notes were issued pursuant to its shelf Registration Statement on Form S-3 and related prospectus, prospectus supplement, and pricing supplements.

The company also filed a legal opinion from its Executive Vice President and Global Chief Legal Officer confirming the legality of the notes, along with the related consent as exhibits to the report.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): August 27, 2025

McDONALD’S CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware

1-5231

36-2361282

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

110 North Carpenter Street

Chicago, Illinois

(Address of Principal Executive Offices)

60607

(Zip Code)

(630) 623-3000

(Registrant’s telephone number, including area code) 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class						Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $0.01 par value						MCD			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 
☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

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Item 8.01. Other Events.

On August 27, 2025, McDonald’s Corporation (the “Company”) issued $550,000,000 of its 4.400% Medium-Term Notes due 2031 (the “2031 Notes”) and $750,000,000 of its 5.000% Medium-Term Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”). The Notes were issued pursuant to the Company’s medium-term notes program, as set forth in the Company’s Registration Statement on Form S-3 (Registration No. 333-281501), filed with the Securities and Exchange Commission on August 12, 2024, the related prospectus and prospectus supplement, each dated August 12, 2024, and Pricing Supplement No. 3 (relating to the 2031 Notes) and Pricing Supplement No. 4 (relating to the 2036 Notes), each dated August 18, 2025.

A copy of the legal opinion of the Company’s Executive Vice President, Global Chief Legal Officer relating to the legality of the Notes is filed as Exhibit 5 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits

5.1

Opinion of Desiree Ralls-Morrison, Executive Vice President, Global Chief Legal Officer of McDonald’s Corporation.

23.1

Consent of Desiree Ralls-Morrison, Executive Vice President, Global Chief Legal Officer of McDonald’s Corporation (included in the opinion filed as Exhibit 5.1 hereto).

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

McDONALD’S CORPORATION

(Registrant)

Date:

August 27, 2025

By:

/s/ Jeffrey J. Pochowicz

Jeffrey J. Pochowicz Vice President – Associate General Counsel and Corporate Secretary

FAQ

What did McDonald’s (MCD) disclose in this 8-K filing?

McDonald’s Corporation disclosed the issuance of two series of medium-term notes totaling $1.3 billion, along with related legal opinion and consent exhibits.

How much new debt did McDonald’s (MCD) issue in notes?

McDonald’s issued $550,000,000 of 4.400% Medium-Term Notes due 2031 and $750,000,000 of 5.000% Medium-Term Notes due 2036, for a total of $1.3 billion.

What are the interest rates and maturities of McDonald’s new notes?

The company’s new Medium-Term Notes include 4.400% notes maturing in 2031 and 5.000% notes maturing in 2036.

Under what program were McDonald’s new notes issued?

The notes were issued under McDonald’s medium-term notes program, pursuant to its Registration Statement on Form S-3, the related prospectus, prospectus supplement, and specific pricing supplements.

What legal documents did McDonald’s file related to these notes?

McDonald’s filed an opinion of its Executive Vice President and Global Chief Legal Officer on the legality of the notes as Exhibit 5.1, and the related consent as Exhibit 23.1.

Who signed the McDonald’s (MCD) 8-K related to the note issuance?

The report was signed on behalf of McDonald’s Corporation by Jeffrey J. Pochowicz, Vice President – Associate General Counsel and Corporate Secretary.