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 

 

Disney has been a big part of my life for years--from family trips to WDW, at a very young age, to growing up on Disney classics, TV, and movies. I've been successfully running social media and websites since 2010. I'm a co-host the YouTube channel Clownfish TV as well as the podcast/ Youtube Pirates and Princesses (PNP) channel. I'm also a former contributor and acting social media manager (built it from the ground up with my husband) at The Kingdom Insider. Certified art teacher and mom! Opinions are all mine.