Walt Disney intends to sell five-part offering of fixed-rate notes

By Devika Patel

Knoxville, Tenn., March 19 – Walt Disney Co. plans to conduct a five-tranche sale of fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and then a par call.

The notes will be guaranteed by TWDC Enterprises 18 Corp.

BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including debt repayment.

Walt Disney is a Burbank, Calif.-based entertainment and media company.

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