Disney renews $9.25 billion in bank credit lines, replacing 2025 and 2022 facilities
On February 27, 2026, Disney entered into a $5.25 billion 364-day credit agreement and a $4 billion five-year credit agreement, replacing its prior facilities. The filing says the facilities support commercial paper borrowings and general corporate purposes, and it also amends a 2024 credit agreement to exclude Fubo from its representations, covenants and default provisions.
Key points
- 364-day facility of $5.25 billion replaces the February 28, 2025 agreement and expires February 26, 2027, with an option to extend to February 26, 2028
- Five-year facility of $4 billion replaces the March 4, 2022 agreement and expires February 27, 2031
- Both agreements require a minimum ratio of Consolidated EBITDA to Consolidated Interest Expense of 3.00 to 1.00
- Amendment to the March 1, 2024 credit agreement adds Fubo as an excluded entity
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.