McDonald’s Agrees to Borrow 55 Billion Yen in Three-Year Loan
McDonald’s Corp., the world’s largest restaurant chain, agreed to borrow 55 billion yen ($672 million) from a group of 20 Japanese lenders, according to Mizuho Corporate Bank Ltd. which helped arrange the loan.
Lenders including Chugoku Bank Ltd. and Hachijuni Bank Ltd. formed a bank group that provided the January 2014 facility, according to Tadao Hayashi, a Tokyo-based senior vice president of global syndicated finance promotion at Mizuho. Hayashi declined to disclose pricing details.
“Since late 2010, syndicated loans to overseas companies have been rising, with robust demand on the part of borrowers and lenders,” said Hayashi. The loan was reported earlier today by the Nikkei newspaper.
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