Loop Capital Serves as Co-Manager on Walt Disney's $1.6 billion Senior Unsecured Bond Offering
Loop Capital Markets participated as a Co-Manager in a two-part $1.6 billion, senior unsecured bond offering by The Walt Disney Company on November 29, 2011.
Walt Disney, with a A2/A/A rating, hit the market with a $1.6 billion 3 and 30 year, two-part transaction. Even though the near year-end focus on liquidity shifted demand toward shorter duration assets, both the 3-year and the 30-year tranches were well received by the market, and the order book was two times oversubscribed. Disney managed to price the deal at the tight end of the price whisper.
In August 2011, Disney's $1.85 billion 5/10/30 year, 3-part transaction set low coupon records on all three tranches; the 30-year record was subsequently eclipsed by select utility First Mortgage Bond deals in November. Loop Capital Markets was a Co-Manager on the August Disney deal as well.
