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Disney extends exchange offers' expiration date for Fox unit notes

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Disney extends exchange offers' expiration date for Fox unit notes

Walt Disney Co. again extended the expiration date of its offers 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 Jan. 28, from 5 p.m. ET on Jan. 15, according to a Form 8-K filed Jan. 8.

The settlement of the exchange offers and consent solicitations is expected to occur on or about the closing date of Disney's deal to buy 21st Century Fox Inc.'s entertainment assets.

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