Disney takes on $11B in new debt, fast tracking ‘Hamilton’ | ||
Tuesday, 12 May 2020 ()
Walt Disney Co. has raised $11 billion in new debt to ease financial pressures amid the shutdowns of its theme parks and film and TV productions due to the coronavirus pandemic. The media giant said in a regulatory filing Tuesday the six-part debt raise carries interest rates ranging from 1.75% to 3.8%, according to Deadline. In a separate prospectus filed Monday, Disney (NYSE: DIS) said the proceeds would be used for “general corporate purposes,” including the repayment of other debt. Disney’s… |
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