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Stock impact report

McDonald's raises $6.5 billion in cash, sees same-store sales fall in Q1 [MarketWatch]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: MarketWatch
McDonald's Corp. said on Wednesday that it has raised $6.5 billion in cash in the debt markets during the first quarter. That includes $2 billion of debt issuances, a $1 billion draw down from a new short-term line of credit and an additional $3.5 billion of bonds issued. The company also has $3.5 billion available under a committed line of credit that it hasn't touched. McDonald's expects to report $40 million in costs to cancel its Worldwide Owner/Operator Convention and $35 million in costs related to reducing technology investments. The company is scheduled to report first-quarter earnings on April 30. The fast-food giant has suspended its share repurchase program, plans for fewer new restaurant openings and will lower its capital expenditures by about $1 billion by reducing the Experience of the Future projects across the U.S. The Experience of the Future is McDonald's program for upgrading its restaurants with new technology and redesigns. McDonald's has withdrawn its 2020 outlo Show less Read more
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