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Published on 12/17/2008 in the Prospect News Investment Grade Daily.

New Issue: Walt Disney prices $1 billion 4.5% five-year notes at Treasuries plus 337.5 bps

By Andrea Heisinger

New York, Dec. 17 - The Walt Disney Co. priced $1 billion of 4.5% five-year notes Wednesday to yield Treasuries plus 337.5 basis points, an informed source said.

The notes priced at 99.026 to yield 4.722%.

Bookrunners were Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc.

The media and entertainment company is based in Burbank, Calif.

Issuer:The Walt Disney Co.
Issue:Notes
Amount:$1 billion
Maturity:Dec. 15, 2013
Bookrunners:Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities Inc.
Coupon:4.5%
Price:99.026
Yield:4.722%
Spread:Treasuries plus 337.5 bps
Trade date:Dec. 17
Settlement date:Dec. 22
Rating:Standard & Poor's: A

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