By Andrea Heisinger
Omaha, Nov. 29 - The Walt Disney Co. priced and upsized $750 million of 4.7% five-year notes Thursday to yield 135 basis points more than Treasuries, market sources said.
The issue was increased from a planned $350 million and priced in line with the Treasuries plus 135 bps price talk.
The notes (A2/A) priced at 99.772 to yield 4.752%. They have a make-whole call at Treasuries plus 20 bps.
Bookrunners were Banc of America Securities LLC, Deutsche Bank and Merrill Lynch.
The media conglomerate is based in Burbank, Calif.
| Issuer: | The Walt Disney Co.
|
| Issue: | Notes
|
| Amount: | $750 million, increased from $350 million
|
| Maturity: | Dec. 1, 2012
|
| Bookrunners: | Banc of America Securities LLC, Deutsche Bank, Merrill Lynch
|
| Coupon: | 4.7%
|
| Price: | 99.772
|
| Yield: | 4.752%
|
| Spread: | Treasuries plus 135 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
| Trade date: | Nov. 29
|
| Settlement date: | Dec. 4
|
| Price talk: | 135 bps
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
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