The Walt Disney Company is issuing new senior unsecured notes, comprising both floating rate notes linked to Compounded SOFR and several fixed-rate tranches. These notes are fully and unconditionally guaranteed by its 100%-owned subsidiary, TWDC Enterprises 18 Corp., and rank equally with Disney’s other unsecured, unsubordinated debt. The proceeds from this offering are intended for general corporate purposes, enhancing Disney’s financial flexibility.
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Disney (NYSE: DIS) issues senior fixed and SOFR-linked notes with TWDC guarantee
The Walt Disney Company is issuing new senior unsecured notes, comprising both floating rate notes linked to Compounded SOFR and several fixed-rate tranches. These notes are fully and unconditionally guaranteed by its 100%-owned subsidiary, TWDC Enterprises 18 Corp., and rank equally with Disney’s other unsecured, unsubordinated debt. The proceeds from this offering are intended for general corporate purposes, enhancing Disney’s financial flexibility.