$750 Million Disney Bond Offer

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Walt Disney Co. said Thursday that it plans to sell $750 million of 10-year notes.


According to a Bloomberg report, the sale is part of the Burbank-based entertainment company’s medium-term note program. The offering will be split between three-year notes that may pay a fixed rate, floating rate or both; and 10-year fixed-rate bonds, Bloomberg said.


Moody’s Investors Service rates Disney’s notes A2, the sixth level of investment grade while Standard & Poor’s assigns them one level lower at A, Bloomberg said.


Shares in Disney were up 6 cents to $34.06 in afternoon trading Thursday on the New York Stock Exchange.

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