Disney Co. enters into new $2.25 billion credit agreement
By APThursday, February 25, 2010
Disney enters 3-year, $2.25B credit agreement
NEW YORK — The Walt Disney Co. said Thursday it entered into a new $2.25 billion three-year credit agreement with lenders, replacing a credit agreement that expired Monday.
The new agreement will expire in February 2013. Disney said it will be used to support commercial paper borrowings and other general corporate purposes. The agreement that expired Feb. 22 was also worth $2.25 billion, over a four-year term.
The agreement was disclosed in a filing with the Securities and Exchange Commission.
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