By Jill Goldsmith 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 the SEC to offer multiple tranches of senior notes maturing between 2026 and 2060 to raise fresh cash.
The amount, not specified yet, will be announced later but is likely to be quite large. Companies often file plans to sell notes with the ultimate amount dependent on investor enthusiasm and interest rates.
Read more on deadline.com
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