Considering how low interest rates are these days, it’s easy to see why Disney is joining the pack of companies looking to sell debt. The company says in a prospectus filed at the SEC that it expects to raise $1B from global notes that mature in 2014 and pay an annual interest rate of 0.875%, and $600M from global notes due in 2041 that pay 4.125%. The cash will be used for “general corporate purposes,” which may include repayment of other debt, and “to fund share repurchases.” Moody’s gave the notes an A2 rating, while Standard & Poor’s and Fitch rated them A. BNP Paribas, Citigroup, Credit Suisse, and Deutsche Bank are the lead underwriters. Disney’s offer follows a $1.85B bond sale in August, and a $500M sale in May.
Disney Bond Offer To Raise $1.6B
What's Hot on Deadline
Hallmark Channel Upfront Presentation Canceled Due To Storm; Net Makes Announcements, Including ‘When Calls the Heart’ Renewal, At Central Park Event
Ryan Murphy On '9-1-1's Ratings Success, Season 2 Details, Connie Britton's Future On the Show & Potential Spinoff Series
'Star Wars: The Last Jedi' Deleted Scene Features Tom Hardy, Prince Harry & Prince William As Storm Troopers
'The Assassination Of Gianni Versace' Season Finale: What Does Designer's Murder Mean 20 Years Later?
Latest Film News
- John McEnroe Documentary Being Served Up For August Release Via Oscilloscope
- Netflix Sets May Start For Wash Westmoreland’s ‘The Earthquake Bird;’ Alicia Vikander, Riley Keough To Star
- ‘Deadpool 2’ Trailer Arrives: It’s An X-Force To Be Reckoned With
- ‘Monty Python’ Heads To Netflix As SVOD Service Picks Up Entire Comedy Catalog
- BFI Reports Reveal How UK Films Fared At 2017 Global Box Office & On Awards Circuit
- ‘Star Wars: The Last Jedi’ Deleted Scene Features Tom Hardy, Prince Harry & Prince William As Storm Troopers