Disney now has access to more than $13 billion in credit, should it be needed
In a filing with the Securities and Exchange Commission Monday, Disney said that it had signed a new 364 day revolving credit agreement with Citibank that would provide access to as much as $5 billion. The agreement, which matures on April 9, 2021, can be extended for an additional year with the lenders’ consent.
"Disney has significant liquidity to help carry it through this 'black swan' crisis, Moodys senior vp Neil Begley wrote in a report last month.
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