Disney has taken on another $11 billion in new debt according to an SEC filing (via THR).
With this latest filing, Disney tops $23 billion in new debt since the domestic theme parks closed in mid-March. Here are the amounts, interest rates, and their maturity dates:
- 2026 notes: $1,500,000,000 at 1.750%
- 2028 notes: $1,000,000,000 at 2.200%
- 2031 notes: $2,500,000,000 at 2.650%
- 2040 notes: $1,750,000,000 at 3.500%
- 2051 notes: $2,750,000,000 at 3.600%
- 2060 notes: $1,500,000,000 at 3.800%
Disney said that the new debt would be used for general corporate purposes, including the repayment of debt obligations.
Disney shuttered it’s domestic theme parks in mid-March, which account for more than $500 million in lost revenue in the two weeks before the quarter closed. The domestic theme parks are losing more than $40 million per day and remain closed indefinitely. Disney has recently reopened Shanghai Disneyland and has announced a phased reopening of Disney Springs beginning May 20th.
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!