tv video film broadway

Walt Disney Enters New $5 Billion Credit Agreement For Coronavirus Cushion, Follows $6 Billion Debt Sale Last Month

Reading now: 135
deadline.com

By Jill Goldsmith Walt Disney said Monday it’s entered into a new $5 billion, one-year credit agreement. That follows $6 billion the company raised last month with a sale of debt securities.

The current agreement matures in April of 2021 and could be extended for a year. It provides for advances to be made for a year to be used for general corporate purposes, the company said in a SEC filling.

Disney and other companies have been amassing a war chest to see it through the coronavirus pandemic, which has hit its divisions hard from theme parks to production to live sports and advertising.

The agreement gives it a hefty extra $11 billion in fresh cash. It’s raising so much cash because its particularly exposed to the carnage of COVID-19 and

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA