After 'robust' discussion, fast food giant McDonald's is not pursuing a REIT, its CEO Easterbrook said at its investor meeting Tuesday.
Amid low interest rates, McDonald's also plans to add a "meaningful" amount of additional debt, said CFO Kevin Ozan in a release.
"As a result, we are increasing the Company's cash return to shareholders target to about $30 billion for the three-year period ending 2016 - a $10 billion increase over our previous target, with incremental debt funding the vast majority of the increase," he said.
It said its call that it expects credit rating agencies to cut its rating by a notch, a move S&P made later in the day.
After earlier being halted on Tuesday, its shares reopened and hit a fresh record high. (Click here to track its latest price.)