Disney enters $5.25B 364-day and $3B five-year credit facilities; replaces existing agreements

Walt Disney Co

New $5.25B 364-day credit facility expires Feb 28, 2025, with option to extend to Feb 27, 2026.
New $3B five-year credit facility expires March 1, 2029; both unsecured with TWDC Enterprises guarantee.
Facilities replace prior $5.25B (2023) and $3B (2020) credit agreements; support commercial paper and corporate purposes.
Interest rate spreads range from 0.625% to 1.000% for SOFR advances, based on Disney's public debt rating.
Covenant requires minimum ratio of Consolidated EBITDA to Interest Expense of 3.00 to 1.00.

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