Disney's 10-Q: Variable Borrowing Rates and Key Dates
Ticker: DIS · Form: 10-Q · Filed: 2025-05-07T00:00:00.000Z
Sentiment: neutral
Topics: debt, financing, earnings
TL;DR
Disney's 10-Q shows borrowing rates tied to SOFR and credit ratings, with spreads from 0.63%-1.10%.
AI Summary
The Walt Disney Company filed a 10-Q for the period ending March 29, 2025. The company's bank facilities allow for borrowings at rates based on SOFR and other variable rates, with spreads ranging from 0.63% to 1.10% depending on debt ratings from Moody's and S&P Global Ratings. The filing also includes various dates related to fiscal year ends and reporting periods.
Why It Matters
This filing provides insight into Disney's debt structure and borrowing costs, which can impact the company's financial flexibility and profitability.
Risk Assessment
Risk Level: low — The filing primarily contains routine financial reporting and does not indicate any immediate or significant new risks.
Key Numbers
- 0.63% — Minimum Borrowing Spread (Lowest spread tied to debt ratings)
- 1.10% — Maximum Borrowing Spread (Highest spread tied to debt ratings)
Key Players & Entities
- Walt Disney Co (company) — Filer of the 10-Q
- Secured Overnight Financing Rate (SOFR) (dollar_amount) — Benchmark for borrowing rates
- Moody's Ratings (company) — Debt rating agency
- S&P Global Ratings (company) — Debt rating agency
- 0.63% (dollar_amount) — Minimum spread on borrowings
- 1.10% (dollar_amount) — Maximum spread on borrowings
- March 29, 2025 (date) — End of the reporting period
FAQ
What is the benchmark rate for Walt Disney Co's bank facilities?
The benchmark rate is the Secured Overnight Financing Rate (SOFR) for U.S. dollar borrowings and other variable rates for non-U.S. dollar denominated borrowings.
How do the borrowing spreads vary for Walt Disney Co?
The spreads vary based on the company's debt ratings assigned by Moody's Ratings and S&P Global Ratings, ranging from 0.63% to 1.10%.
What is the period covered by this 10-Q filing?
The filing covers the period ending March 29, 2025.
When was this 10-Q filed?
This 10-Q was filed on May 7, 2025.
What is the fiscal year end for The Walt Disney Company?
The fiscal year end for The Walt Disney Company is September 27.
From the Filing
0001744489-25-000098.txt : 20250507 0001744489-25-000098.hdr.sgml : 20250507 20250507080455 ACCESSION NUMBER: 0001744489-25-000098 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 100 CONFORMED PERIOD OF REPORT: 20250329 FILED AS OF DATE: 20250507 DATE AS OF CHANGE: 20250507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Walt Disney Co CENTRAL INDEX KEY: 0001744489 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] ORGANIZATION NAME: 07 Trade & Services EIN: 830940635 STATE OF INCORPORATION: DE FISCAL YEAR END: 0927 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38842 FILM NUMBER: 25919394 BUSINESS ADDRESS: STREET 1: 500 SOUTH BUENA VISTA STREET CITY: BURBANK STATE: CA ZIP: 91521 BUSINESS PHONE: (818) 560-1000 MAIL ADDRESS: STREET 1: 500 SOUTH BUENA VISTA STREET CITY: BURBANK STATE: CA ZIP: 91521 FORMER COMPANY: FORMER CONFORMED NAME: TWDC Holdco 613 Corp. DATE OF NAME CHANGE: 20180702 FORMER COMPANY: FORMER CONFORMED NAME: TWDC Holdco 613 Corp DATE OF NAME CHANGE: 20180622 10-Q 1 dis-20250329.htm FORM 10-Q dis-20250329 false 2025 Q2 WALT DISNEY CO/ 0001744489 --09-27 0.01 0.01 4.6 4.6 1.9 1.9 63 47 The Company’s bank facilities allow for borrowings at rates based on the Secured Overnight Financing Rate (SOFR) and at other variable rates for non-U.S. dollar denominated borrowings, plus a fixed spread that varies with the Company’s debt ratings assigned by Moody’s Ratings and S&P Global Ratings ranging from 0.63% to 1.10%. 0.63 1.100 2026-02-27 2027-03-31 2029-03-31 http://corporate.disney.go.com/20250329#HIBORMember http://corporate.disney.go.com/20250329#HIBORMember 2025-09-30 2028-12-31 2036-12-31 2033-12-31 2036-12-31 2033-12-31 2026-09-30 2035-09-30 4 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:HKD iso4217:CNY iso4217:CAD 0001744489 2024-09-29 2025-03-29 0001744489 2025-04-30 0001744489 us-gaap:ServiceMember 2024-12-29 2025-03-29 0001744489 us-gaap:ServiceMember 2023-12-31 2024-03-30 0001744489 us-gaap:ServiceMember 2024-09-29 2025-03-29 0001744489 us-gaap:ServiceMember 2023-10-01 2024-03-30 0001744489 us-gaap:ProductMember 2024-12-29 2025-03-29 0001744489 us-gaap:ProductMember 2023-12-31 2024-03-30 0001744489 us-gaap:ProductMember 2024-09-29 2025-03-29 0001744489 us-gaap:ProductMember 2023-10-01 2024-03-30 0001744489 2024-12-29 2025-03-29 0001744489 2023-12-31 2024-03-30 0001744489 2023-10-01 2024-03-30 0001744489 2025-03-29 0001744489 2024-09-28 0001744489 2023-09-30 0001744489 2024-03-30 0001744489 us-gaap:CommonStockMember 2024-12-28 0001744489 us-gaap:RetainedEarningsMember 2024-12-28 0001744489 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-28 0001744489 us-gaap:TreasuryStockCommonMember 2024-12-28 0001744489 us-gaap:ParentMember 2024-12-28 0001744489 us-gaap:NoncontrollingInterestMember 2024-12-28 0001744489 dis:TotalexcludingredeemablenoncontrollinginterestMember 2024-12-28 0001744489 us-gaap:RetainedEarningsMember 2024-12-29 2025-03-29 0001744489 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-29 2025-03-29 0001744489 us-gaap:ParentMember 2024-12-29 2025-03-29 0001744489 us-gaap:NoncontrollingInterestMember 2024-12-29 2025-03-29 0001744489 dis:TotalexcludingredeemablenoncontrollinginterestMember 2024-12-29 2025-03-29 0001744489 us-gaap:CommonStockMember 2024-12-29 2025-03-29 0001744489 us-gaap:TreasuryStockCommonMember 2024-12-29 2025-03-29 0001744489 us-gaap:CommonStockMember 2025-03-29 0001744489 us-gaap:RetainedEarningsMember 2025-03-29 0001744489 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-29 0001744489 us-gaap:TreasuryStockCommonMember 2025-03-29 0001744489 us-gaap:ParentMember 2025-03-29 0001744489 us-gaap:NoncontrollingInterestMember 2025-03-29 0001744489 dis:TotalexcludingredeemablenoncontrollinginterestMember 2025-03-29 0001744489 us-gaap:CommonStockMember 2023-12-30 0001744489 us-gaap:RetainedEarningsMember 2023-12-30 0001744489 us-gaap:AccumulatedOtherComprehensi