According to an SEC filing, Disney has raised $1.3 billion in new debt in Canada. The $1.3 billion joins $6 billion in new debt notes raised earlier this month.

The $1.3 billion is set to mature in 2027 and is to be used for “general corporate purposes, including the repayment of indebtedness”. This new round of debt will be used for the same general purposes as the original $6 billion.

Investopedia says that a debt offering is essentially a promissory note to repay a certain amount of money in a defined timeline at an agreed upon interest rate. When a debt issue is made available, investors buy it from the seller who uses the funds to pursue its capital projects. In return, the investor is promised regular interest payments and also a repayment of the invested principal on a predetermined date in the future. Debt offerings are a way to raise money without diluting shares for a company like an equity stake would do.

As always, keep checking back with us here at BlogMickey.com for the latest Disney Parks news and photos. We’ll continue to bring you news and photos, where possible, through the Disney Parks closure due to Coronavirus (COVID-19) and will resume our normal coverage once the parks reopen to guests on July 11th!