By Andrea Heisinger
New York, March 11 - The Walt Disney Co. priced $500 million of 5.5% 10-year global notes Wednesday to yield Treasuries plus 262.5 basis points, according to an informed source and an FWP filing with the Securities and Exchange Commission.
Price talk was Treasuries plus 262.5 bps, a source said.
The notes (A2/A/A) priced at 99.818 to yield 5.524%. They have a make-whole call of Treasuries plus 37.5 bps.
Bookrunners were J.P. Morgan Securities Inc., Deutsche Bank Securities Inc. and HSBC Securities.
Co-managers were BNP Paribas Securities Corp., RBS Greenwich Capital, Mitsubishi UFJ Securities, RBC Capital Markets Corp., UBS Investment Bank, Cabrera Capital Markets LLC, CastleOak Securities LP, Muriel Siebert & Co. and the Williams Capital Group LP.
The media and entertainment company is based in Burbank, Calif.
| Issuer: | The Walt Disney Co.
|
| Issue: | Global notes
|
| Amount: | $500 million
|
| Maturity: | March 15, 2019
|
| Bookrunners: | J.P. Morgan Securities Inc., Deutsche Bank Securities Inc., HSBC Securities
|
| Co-managers: | BNP Paribas Securities Corp., RBS Greenwich Capital, Mitsubishi UFJ Securities, RBC Capital Markets Corp., UBS Investment Bank, Cabrera Capital Markets LLC, CastleOak Securities LP, Muriel Siebert & Co., the Williams Capital Group LP
|
| Coupon: | 5.5%
|
| Price: | 99.818
|
| Yield: | 5.524%
|
| Spread: | Treasuries plus 262.5 bps
|
| Call: | Make-whole at Treasuries plus 37.5 bps
|
| Trade date: | March 11
|
| Settlement date: | March 16
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
| Price talk: | 262.5 bps
|
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