Walt Disney Co Files $5 Billion Mixed Securities Shelf
WASHINGTON -(Dow Jones)- Walt Disney Co. (DIS) registered to sell up to $5 billion of debt securities, depositary shares, warrants, purchase contracts, units, common and preferred stock and trust preferred securities of its Disney Capital Trusts I, II and III under a shelf registration Wednesday with the Securities and Exchange Commission.
Walt Disney said it intends to use net proceeds from the sale of any securities for general corporate purposes, including reducing short-term debt, funding investments in, or extensions of credit to, subsidiaries and funding acquisitions.
The company said it may offer the securities directly or through underwriters, agents and dealers. The company said it would name any underwriters, agents or dealers in a future prospectus supplement.
Walt Disney, based in Burbank, Calif, is an entertainment company.
-By Robyn Russo, Dow Jones Newswires; 202-862-7139; robyn.russo@dowjones.com
Dow Jones Newswires 01-19-051536ET
WASHINGTON -(Dow Jones)- Walt Disney Co. (DIS) registered to sell up to $5 billion of debt securities, depositary shares, warrants, purchase contracts, units, common and preferred stock and trust preferred securities of its Disney Capital Trusts I, II and III under a shelf registration Wednesday with the Securities and Exchange Commission.
Walt Disney said it intends to use net proceeds from the sale of any securities for general corporate purposes, including reducing short-term debt, funding investments in, or extensions of credit to, subsidiaries and funding acquisitions.
The company said it may offer the securities directly or through underwriters, agents and dealers. The company said it would name any underwriters, agents or dealers in a future prospectus supplement.
Walt Disney, based in Burbank, Calif, is an entertainment company.
-By Robyn Russo, Dow Jones Newswires; 202-862-7139; robyn.russo@dowjones.com
Dow Jones Newswires 01-19-051536ET