On Feb 27, 2026 Walt Disney entered two unsecured credit deals: a 364‑day $5.25B revolver (agent Citibank)…
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On Feb 27, 2026 Walt Disney entered two unsecured credit deals: a 364‑day $5.25B revolver (agent Citibank) replacing 2025 facility, and a 5‑yr $4B facility (agent JPMorgan) replacing 2022 facility. TWDC Enterprises guarantees. Supports commercial paper/general corp. $DIS 🏦 #Disney #Credit
Maturities: 364‑day expires Feb 26, 2027 (option to extend advances to Feb 26, 2028); 5‑yr expires Feb 27, 2031. Pricing: Term SOFR/EURIBOR/TIBOR/SONIA + spread 0.625–1.00% by public debt rating; Dollar Base Rate +0.00%. Prepayable w/o penalty. $DIS 💳 #Finance #Debt
Covenants & carve‑outs: min Consolidated EBITDA/Interest ≥3.00x (trailing 4 quarters). Standard default remedies. Certain entities (HK Disneyland, Shanghai Disney Resort, FuboTV) excluded from reps/covenants; Disney amended 2024 facility to add Fubo as excluded. $DIS ⚠️ #Covenants #Disney