The company entered into a 364-Day Credit Agreement with Citibank, N.A. as designated agent, providing up to $5.25 billion in aggregate advances, on February 28, 2025, replacing its $5.25 billion 364-Day Credit Agreement dated March 1, 2024.

1. 01

   The company entered into a 364-Day Credit Agreement with Citibank, N.A. as designated agent, providing up to $5.25 billion in aggregate advances, on February 28, 2025, replacing its $5.25 billion 364-Day Credit Agreement dated March 1, 2024.

2. 02

   The company said the facility is unsecured and includes a guarantee of the company's payment obligations by TWDC Enterprises 18 Corp. It said the facility supports its commercial paper borrowings and may be used for other general corporate purposes.

3. 03

   The company said the facility expires on February 27, 2026, and it has the option to extend the maturity of all or part of outstanding advances to February 26, 2027. Borrowings bear interest at a base rate tied to each currency, plus a spread of 0.625% to 1.000% based on its public debt rating.

4. 04

   The company said it must maintain a minimum ratio of Consolidated EBITDA to Consolidated Interest Expense of 3.00 to 1.00 as of the last day of each period of 4 consecutive fiscal quarters. It also said certain entities related to Hong Kong Disneyland and Shanghai Disney Resort are excluded from representations, covenants and events of default.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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