Disney selling benchmark-size notes in four tranches Tuesday

By Andrea Heisinger

New York, Nov. 27 - Walt Disney Co. is set to price notes (A2/A/A) in four tranches on Tuesday, an informed source said.

The offering will include maturities of three, five, 10 and 30 years.

Bookrunners are Citigroup Global Markets Inc. and J.P. Morgan Securities LLC.

Disney was last in the bond market with a $1.4 billion sale of notes in two tranches on Feb. 9, 2012. That offering included a 1.125% five-year note priced at Treasuries plus 47 basis points and a 2.55% 10-year bond sold at 62 bps over Treasuries.

The entertainment and media company is based in Burbank, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.