The Walt Disney Company (NYSE:DIS) Files An 8-K Other EventsItem 8.01. Other Events.
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.
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ExhibitNo. |
Description |
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1.1 |
Terms Agreement, dated June29, 2017, among The Walt Disney Company and Morgan Stanley& Co. LLC, as underwriter. |
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4.1 |
Formof 2.950% Notes Due 2027. |
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5.1 |
Opinion of White& Case LLP relating to the New Notes. |
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23.1 |
Consent of White& Case LLP (included in Exhibit5.1 above). |