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

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 

 


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