The Walt Disney Co. has raised roughly $6 billion through a debt offering, according to a company filing with the Securities and Exchange Commission on Friday.
Disney offered six different notes, which will mature between 2025 and 2050, and have interest rates as low as 3.35% and as high as 4.7%. The debt notes range in value from $500 million and $1.75 billion.
The company didn’t specify what the funds would be used for, but did say: “We intend to use the net proceeds from the sale of the notes for general corporate purposes, including the repayment of indebtedness,” or paying down debt the company currently has.