Walt Disney plans to price guaranteed senior notes in six tranches

By Marisa Wong

Los Angeles, May 11 – Walt Disney Co. plans to issue senior notes guaranteed by TWDC Enterprises 18 Corp., according to a 424B5 filing with the Securities and Exchange Commission.

BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Deutsch Bank Securities Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC. are the joint bookrunners.

Proceeds will be used for general corporate purposes, including repayment of commercial paper and repayment at maturity of TWDC Enterprises’ 1.8% notes due June 2020, of which $750 million is outstanding, and TWDC Enterprises’ floating-rate notes due June 2020, of which $500 million is outstanding.

The entertainment company is based in Burbank, Calif.

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