Loop Capital Serves as a Co-Manager in Walt Disney's Three-Tranche $1.85 billion Debt Offering
August 17th, 2011
On August 17, 2011, the world's biggest theme-park operator issued $1.85 billion of senior unsecured notes consisting of three tranches: $750 million of 5-year notes with a 1.35% coupon, $750 million of 10-year notes with a 2.75% coupon, and $350 million of 30-year notes with a 4.375% coupon.
The 30-year tranche was Disney's first 30-year bond sale in almost a decade. The deal was well-received and was multiple times oversubscribed.
