Disney Seeks To Raise $6B In Fresh Cash With Sale Of Debt Securities
Walt Disney Friday stated it plans to lift $6 billion from the sale of debt securities.
In a submitting with the SEC Friday it fleshed out a prospectus from the day earlier than the place it had signaled its intention to promote notes. Corporations are benefiting from low rates of interest to lift recent money within the midst of an escalating financial disaster. Disney’s parks have been closed, film releases shifted and TV manufacturing shut down. It’s on CreditWatch at scores companies however is seen as having sufficient money and borrowing services to climate the storm.
It’s planning to promoting 5 tranches of notes with varied maturities from 2025 to 2050 price between $500 million and $1.75 billion, and with rates of interest from 3.35% to 4.7%.
When the corporate famous Thursday its intent to promote notes, it additionally filed a separate SEC doc outlining enterprise dangers as a result of coronavirus.
COPYRIGHT_BP: Published on https://bingepost.com/disney-seeks-to-raise-6b-in-fresh-cash-with-sale-of-debt-securities/68641/ by Cecilia Jones on 2020-03-20T21:17:37.000Z
