The Walt Disney Co. is offering C$1.3 billion in its 3.057% notes due 2027.
The notes will be issued pursuant to an indenture dated as of March 20, 2019, between Disney, TWDC Enterprises 18 Corp., and Citibank NA as trustee. The notes will be guaranteed on a senior basis by TWDC Enterprises.
Disney intends to use the net proceeds for general corporate purposes, including the repayment of debt, the company disclosed in a March 30 SEC filing.
Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc. and RBC Dominion Securities Inc. are the joint book-running managers for the offering.