Disney enters new $5.25B 364-day credit facility, replaces prior March 2024 facility

Walt Disney Co

New $5.25B unsecured credit facility supports commercial paper and general corporate purposes.
Facility expires Feb 27, 2026, with option to extend to Feb 26, 2027.
Interest rate spreads range from 0.625% to 1.000% over SOFR/EURIBOR/TIBOR/SONIA based on public debt rating.
Requires minimum Consolidated EBITDA to Consolidated Interest Expense ratio of 3.00 to 1.00.
Guaranteed by TWDC Enterprises 18 Corp., with certain exclusions for Hong Kong Disneyland and Shanghai Disney Resort.

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