The WSJ commented that this was a record low rate for the fast food giants $750 million bond. The full article is available at http://online.wsj.com/article/SB10001424052748703940904575395743979270242.html?mod=googlenews_wsj

Think about this in terms of both refinancing financially and strategically in your life or business. 

The easiest comments are to refinance in your business. After all, on a numbers issue, some of the key factors for you to decide upon are projecting future cash needs, estimating what the market will be like when your existing long term debt comes due, and opportunities you see now and project logically will occur in the next few years.  Don’t borrow debt just because you can.  Somehow those type funds get wasted or invested less than optimally. 

Think harder about refinancing strategically in your life or business model.  In any of these areas, what are you doing today that you would NOT do if you made that decision today?

If you would not be pursuing some customer, line of business or strategy if you had the choice on this as a new decision, why not cut your losses as soon as you prudently can and redeploy those resources for the great opportunities that are becoming available for those who have resources and react.  After all, what is the difference in this strategy and deciding which accounts receivable are collectible?  If a debt is uncollectible or just gives you a bad feeling about the customer, you would do something to correct that situation.

Now let’s get even more realistic. Stick out your personal balance sheet and cough. What relationship, civic group, social activity would you not start if you were making that decision today? Again, why not end those time commitments as soon as you prudently can and redeploy that time for your family, friends, business, or another cause that you believe and are passionate about?