---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-045574"
form_type: "8-K"
ticker: "DIS"
cik: "0001744489"
company_name: "Walt Disney Co"
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T14:45:04.108328+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-045574
- form_type: 8-K
- ticker: DIS
- cik: 0001744489
- company_name: Walt Disney Co
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1744489/000119312525045574/0001193125-25-045574-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744489/000119312525045574/d917979d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-045574
- JSON: https://secwatch.observer/filing/0001193125-25-045574.json
- Plain text: https://secwatch.observer/filing/0001193125-25-045574.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.