The Walt Disney Company has returned to the debt market for fresh cash, this time in Canada. 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)." Disney on Friday in a separate SEC filing disclosed it had raised $6 billion, again to pay down other debt obligations.
The U.S. debt offering comprised five different notes, set to mature between 2025 and 2050, and with values of between $500 million and $1.75 billion, and interest rates between 3.35 percent and 4.7 percent.