Disney calls notes due 2093, plans to fully redeem floaters due 2057

Chicago, June 12 – Walt Disney Co. announced two upcoming redemptions for two subsidiaries in an 8-K filing with the Securities and Exchange Commission on Monday morning.

Formerly Walt Disney Co., but now a subsidiary of that company, Disney Enterprises, Inc. will redeem all $201,169,000 outstanding of the company’s 7.55% senior debentures due July 15, 2093 (Cusip: 254687AH9) on July 17.

The redemption price will be calculated in accordance with the terms and conditions of the notes.

Deutsche Bank Trust Co. Americas is the trustee.

Disney is also lining up a future redemption for the notes that were issued by TWDC Enterprises 18 Corp., also formerly Walt Disney Co. but now a subsidiary. Disney expects to call the $6,425,000 floating-rate notes due Aug. 15, 2057 (Cusip: 25468PAM8) on or about Aug. 15.

The redemption notice should be expected around July 10.

The redemption price will be calculated based on the terms and conditions of the notes.

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

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