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
Keaton Jones Facebook Video Gone After Mom's Confederate Flag Photos Surface: Is Hollywood Still "KeatonStrong"?
Skirball Fire: Officials Determine Cause Of Bel-Air Blaze; Thomas Fire Still Unchecked; Apple Donates $1M - Update
Latest Film News
- Costco Offers Combined One-Year MoviePass And Fandor Subscription For $89.99
- ‘Three Billboards,’ ‘Lady Bird,’ ‘Call Me By Your Name’ Lead Australian…
- Michael Apted To Get DGA Honorary Life Member Award
- Disney-Fox: What Are The International Implications?
- Franco Nero & Chris Brochu Enlist In Robert Port’s Thriller ‘Peace’
- What Does The Film Academy Have In Common With The Harper Valley PTA? We May Find Out.