The Walt Disney Company didn’t have any trouble finding buyers for its $1.85 billion of new bonds. All have been sold and delivery is expected by Monday (8/22).
The issue was sold in three tranches:
The $750 million of Global Notes due 2016 (five years from now) priced with a coupon of 1.35% and sold at 99.206% of par.
The $750 million of Global Notes due 2021 (10 years from now) priced with a coupon of 2.75% and sold at 98.717% of par.
The $350 million of Global Notes due 2041 (30 years from now) priced with a coupon of 4.375% and sold at 99.011% of par.
The list of underwriters for the offerings reads like a who’s who of Wall Street. The joint book-running managers were Deutsche Bank Securities, Goldman Sachs & Co., JP Morgan and Morgan Stanley. The co-managers were Citigroup, HSBC, Mizuho Securities and Wells Fargo Securities. The junior co-managers were CastleOak Securities, Lebenthal & Co., Loop Capital Markets, Ramirez & Co. and The Williams Capital Group.