HomeDisney NewsDisney Reaches Out to Canada For an Additional $1.3 Billion in the...

Disney Reaches Out to Canada For an Additional $1.3 Billion in the Debt Market

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Disney just received $6 Billion from the Debt Market in the United States, and now they have turned to Canadian debt market for even more cash.

According to THR:

The studio in an SEC filing on Thursday said it has raised via a Canadian private placement around $1.3 billion in 3.057 percent senior notes, due 2027. Disney said it intended to use the new Canadian debt financing “for general corporate purposes, including the repayment of indebtedness (including commercial paper).

They have now taken on almost $7.5 billion in the debt market and they’ve only been shut down for a couple of weeks.

Maybe they are going to use this money to pay their people, or at least pay the team that would make general announcements.

Source: THR 

 


Pirates & Princesses (PNP) is an independent, opinionated fan-powered news blog that covers Disney and Universal Theme Parks, Themed Entertainment and related Pop Culture from a consumer's point of view. Opinions expressed by our contributors do not necessarily reflect the views of PNP, its editors, affiliates, sponsors or advertisers. PNP is an unofficial news source and has no connection to The Walt Disney Company, NBCUniversal or any other company that we may cover.



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