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Walt Disney Co. Enters New $5 Billion Credit Agreement

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variety.com
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By Elaine Low Senior TV Writer Amid the ongoing coronavirus pandemic, the Walt Disney Co. has entered into a new 364-day credit agreement with Citibank for up to $5 billion, according to a filing with the Securities and Exchange Commission on Monday.

The proceeds may be used for “general corporate purposes,” said the company in the filing. It follows — and is structured similarly to — the $5.25 billion and $3 billion credit agreements Disney entered into on March 6, which support its commercial paper borrowings and is also available for general purposes.

The most recent agreement is scheduled to mature on April 9, 2021; the former two will expire on March 5, 2021. These credit agreements come as Disney’s theme parks and resorts the world

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