The Walt Disney Company (NYSE:DIS) Files An 8-K Other Events

The Walt Disney Company (NYSE:DIS) Files An 8-K Other Events
Item 8.01. Other Events.

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On June29, 2017, The Walt Disney Company (the “Company”) entered into a Terms Agreement with Morgan Stanley& Co. LLC, as underwriter, with respect to the offer and sale of $250,000,000 aggregate principal amount of its 2.950% Notes Due 2027 (the “New Notes”). The New Notes constitute an additional issuance of the $750,000,000 aggregate principal amount of 2.950% Notes Due 2027 that the Company issued on June6, 2017 (the “Existing Notes”), all of which are still outstanding. The New Notes will have the same terms (except for original issue date and issue price) and CUSIP number as the Existing Notes, will be fungible with the Existing Notes for United States federal income tax purposes and will constitute Additional Notes (as defined in the Company’s prospectus supplement dated July20, 2016). The New Notes were offered to the public at 99.163% of par, plus accrued interest from and including June6, 2017 to but excluding the settlement date, and proceeds to the Company with respect to the New Notes net of underwriting discounts and commissions of 0.270%, before expenses, was 98.893% of par, plus accrued interest from and including June6, 2017 to but excluding the settlement date. The New Notes were registered under the Securities Act of 1933, as amended, to the shelf registration statement on FormS-3 (File No.333-212597) of the Company. The New Notes are being issued to a Senior Debt Securities Indenture, dated as of September24, 2001, between the Company and Wells Fargo Bank, National Association, as trustee.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits.

ExhibitNo.

Description

1.1

Terms Agreement, dated June29, 2017, among The Walt Disney Company and Morgan Stanley& Co. LLC, as underwriter.

4.1

Formof 2.950% Notes Due 2027.

5.1

Opinion of White& Case LLP relating to the New Notes.

23.1

Consent of White& Case LLP (included in Exhibit5.1 above).


WALT DISNEY CO/ Exhibit
EX-1.1 2 a17-15989_3ex1d1.htm EX-1.1 Exhibit 1.1   Execution Version   The Walt Disney Company (a Delaware corporation) Fixed Rate Medium-Term Notes,…
To view the full exhibit click here

About The Walt Disney Company (NYSE:DIS)

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations. Under the Parks and Resorts segment, the Company’s Walt Disney Imagineering unit designs and develops new theme park concepts and attractions, as well as resort properties. The studio entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. It also develops and publishes games, primarily for mobile platforms, books, magazines and comic books. The Company distributes merchandise directly through retail, online and wholesale businesses. Its cable networks consist of ESPN, the Disney Channels and Freeform.

The Walt Disney Company (NYSE:DIS) Recent Trading Information

The Walt Disney Company (NYSE:DIS) closed its last trading session up +1.21 at 107.46 with 5,399,537 shares trading hands.

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