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Walt Disney Co. Raises $11B In Debt To Bolster Financial Position Amidst COVID-19
UPDATED with details from debt filing. Disney has raised $11 billion in debt in an effort to bolster its financial position. The financial details were disclosed Tuesday morning in an SEC filing.
Interest rates for the six-part raise range from 1.75% to 3.8%.
PREVIOUSLY: Walt Disney Co. filed a prospectus Monday with…
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5 Comments Comment on Walt Disney Co. Raises $11B In Debt To Bolster Financial Position Amidst COVID-19
Disney Outlines Risks To Business, Plans To Raise Fresh Cash
In a pair of filings with the SEC Thursday, Disney registered plan to raise fresh cash by selling debt securities, or notes, and outlined risks to its business from the coronavirus pandemic.
"The outbreak of the novel coronavirus ("COVID-19") and measures to prevent its spread are affecting our business in a number of…
Disney Parks’ Top ‘Hopper’ Pass Crosses $200 Mark
The price of one kind of premium Disney theme parks’ day pass has shot above the $200 mark for the first time.
The so-called one-day hopper ticket, which lets fans visit Disneyland and neighboring Disney California Adventure, now costs $209 on peak days, usually weekends, up from $199. It's part of a new five-tier…
Disney Sees $175M Hit If Shanghai, Hong Kong Parks Are Closed For Two Months
Disney anticipates a combined $175-million dollar hit from two theme parks in Asia due to the recent coronavirus outbreak if they remain closed for two months. That includes a $135-million squeeze on operating income at Shanghai Disneyland and $40 million from Hong Kong Disneyland. Both are temporarily shuttered due…
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