secwatch.observer — SEC 8-K summary
======================================

Issuer:     Walt Disney Co (DIS)
CIK:        0001744489
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001193125-25-045574
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744489/000119312525045574/0001193125-25-045574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744489/000119312525045574/d917979d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-045574

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer