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Disney extends expiration date of offers to exchange Fox unit notes

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Disney extends expiration date of offers to exchange Fox unit notes

Walt Disney Co. once again extended the expiration date of its offer to exchange any and all outstanding notes issued by 21st Century Fox America Inc. for up to about $18.13 billion of new notes to be issued by TWDC Holdco 613 Corp, or New Disney, and cash and related consent solicitations.

New Disney extended the expiration date to 5 p.m. ET on Feb. 1, from 5 p.m. ET on Jan. 28, according to a Form 8-K filed Jan. 18.

The deal is expected to close in the first half of calendar year 2019.