AI English summary of an SEC filing — figures as filed
The Walt Disney Company DISThe company entered into a 364-Day Credit Agreement on February 27, 2026, providing for advances of up to $5.25 billion. It replaces the company's $5.25 billion 364-Day Credit Agreement dated February 28, 2025.
Key points
AI summaryThe company entered into a 364-Day Credit Agreement on February 27, 2026, providing for advances of up to $5.25 billion. It replaces the company's $5.25 billion 364-Day Credit Agreement dated February 28, 2025.
The company entered into a Five-Year Credit Agreement on February 27, 2026, providing for advances of up to $4 billion. It replaces the company's $4 billion Five-Year Credit Agreement dated March 4, 2022. The company said both Credit Agreements are unsecured, support its commercial paper borrowings and can be used for general corporate purposes.
The company said the 364-Day Credit Agreement matures on February 26, 2027 and the Five-Year Credit Agreement matures on February 27, 2031. Interest rate spreads depend on the company's public debt rating and range from 0.625% to 1.000%. The company must maintain a minimum ratio of Consolidated EBITDA to Consolidated Interest Expense of 3.00 to 1.00.
The company said it entered into an amendment to its 5-year credit agreement dated February 27, 2026 on March 1, 2024, adding FuboTV Inc. as an Excluded Entity. The two new Credit Agreements also exclude certain entities related to Hong Kong Disneyland and Shanghai Disney Resort, along with Fubo, from representations, covenants and events of default.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Disney enters $5.25 billion 364-Day Credit Agreement
The company entered into a 364-Day Credit Agreement on February 27, 2026, providing for advances of up to $5.25 billion. It replaces the company's $5.25 billion 364-Day Credit Agreement dated February 28, 2025.
Source · Based on the filing body and exhibits
Disney Enters $4 billion Five-Year Credit Agreement
The company entered into a Five-Year Credit Agreement on February 27, 2026, providing for advances of up to $4 billion. It replaces the company's $4 billion Five-Year Credit Agreement dated March 4, 2022. The company said both Credit Agreements are unsecured, support its commercial paper borrowings and can be used for general corporate purposes.
Source · Based on the filing body and exhibits
Maturity, Interest Rate Spread and Financial Covenant Terms
The company said the 364-Day Credit Agreement matures on February 26, 2027 and the Five-Year Credit Agreement matures on February 27, 2031. Interest rate spreads depend on the company's public debt rating and range from 0.625% to 1.000%. The company must maintain a minimum ratio of Consolidated EBITDA to Consolidated Interest Expense of 3.00 to 1.00.
Source · Based on the filing body and exhibits
Fubo Exclusion and 2024 Credit Agreement Amendment
The company said it entered into an amendment to its 5-year credit agreement dated February 27, 2026 on March 1, 2024, adding FuboTV Inc. as an Excluded Entity. The two new Credit Agreements also exclude certain entities related to Hong Kong Disneyland and Shanghai Disney Resort, along with Fubo, from representations, covenants and events of default.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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