Walt Disney Co. (DIS) disclosed Wednesday the maturities of a six-part bond deal the media and theme park company announced plans for earlier this week ( ), which maturities ranging from six years to 40 years. The $11 billion offering includes $1.5 billion, 1.75% notes due 2026; $1 billion, 2.20% notes due 2028; $2.5 billion, 2.65% notes due 2031; $1.75 billion, 3.50% notes due 2040; $2.75 billion, 3.60% notes due 2051; and $1.5 billion, 3.80% notes due 2060. Disney's long-term credit is rated A- at S&P Global Ratings. Disney said it plans to use the proceeds from the debt offering for general corporate purposes, including the repayment of debt due June 2020. The stock, which slipped 0.1% in premarket trading, has dropped 25.8% over the past three months through Tuesday, while the Dow Jones Industrial Average has lost 19.2%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 13, 2020 09:18 ET (13:18 GMT)
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