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$5 Bil On Disney's Shelf $5 Bil On Disney's Shelf / Sec Filing Allows Sale Of Stock Or Debt

By Jeffrey Daniels
Publication: The Hollywood Reporter
Date: Wednesday, August 5 1998
The Walt Disney Co. has filed an amended shelf registration with federal regulators to sell up to $5 billion of stock or debt securities.

Monday's filing with the Securities and Exchange Commission represents a 16% increase from the Burbank-based media and entertainment

giant's previous shelf registration to sell up to $4.3 billion in securities (HR 5/15). The exact amounts, prices and offering terms will be determined at the time of sale, the filing stated.

The shelf filing does not obligate Disney to go ahead with the offering but allows the corporation to register stock or debt securities in advance and sell them as it needs money. Proceeds are expected to go for general corporate purposes, including possibly to refinance debt remaining from Disney's $19 billion acquisition of Capital Cities/ABC Inc. in 1995.

In addition, make sure to read these articles:

  • Dis Board Favors Independence
    • The Walt Disney Co.'s board of directors nominated 13 existing members for re-election Monday, a move that eliminates four seats and follows through on last ......
  • Walt Disney Co. applies for bond offering.
    • Some financial news on local, publicly held companies: Walt Disney Co. Burbank-based Disney last week filed papers with the Securities and Exchange Commission for an ......
  • The Walt Disney Co. Reports Higher Earnings Before Restructuring and Impairment Charges...
    • Business Editors BURBANK, Calif.--(BUSINESS WIRE)--April 24, 2001 The Walt Disney Co. (NYSE:DIS) today reported earnings for the quarter and six months ended March 31, 2001....
  • SEC Nabs Disney For Relationships With Directors
    • The U.S. Securities and Exchange Commission said Dec. 20 that it had charged entertainment group Walt Disney Co. for failing to disclose relationships between the ......
  • Dis Faces Vote On Audit Policy
    • The Securities and Exchange Commission ruled Thursday that shareholders of the Walt Disney Co. have the right to vote on a proposal for auditor independence, ......
  • Sec: Dis Must Change Ballots
    • The Securities and Exchange Commission has ruled that the Walt Disney Co. should include on its 2005 shareholder ballot a proposal that would allow investors ......
  • Dis Stock Dips On Barron's Report
    • Shares in the Walt Disney Co. dropped 3.7% Monday after a newspaper said Disney's profit in the past five quarters was enhanced by an undisclosed ......
  • SEC Flips Disney Decision
    • The U.S. Securities and Exchange Commission has reversed its position that would have allowed Walt Disney Co. investors to nominate independent directors to the company's ......
  • B.o. Squall Blows Dis Off Course
    • A disheartening opening for the Walt Disney Co.'s animated feature "Treasure Planet" led the conglomerate to take a $47 million write-down on its previously reported ......
  • Out of Glendale.
    • Reading International Inc. has agreed to sell a Glendale office building for $21 million, according to Securities and Exchange Commission filings. The L.A.-based developer of ......
  • No Raise for Eisner.
    • Reflecting Walt Disney Co.'s sagging financial performance and lackluster stock price, Chief Executive Michael Eisner and three other top corporate officers were shut out when ......
  • Eisner money.
    • Eisner Money: Walt Disney Co. Chief Executive Michael Eisner was paid $8.3 million last year, 14 percent more than a year earlier. Filings with the ......
  • Buffett Backs Off Disney.
    • Warren Buffett's Berkshire Hathaway Inc. sold more than 80 percent of its stake in Walt Disney Co., the world's No. 2 media company, during the ......
  • Roy's Latest Dis: 'emperor' Eisner
    • Roy E. Disney tossed another grenade in his war against Walt Disney Co. chief Michael Eisner on Tuesday, filing a document with the U.S. Securities ......
  • ARCO narrowly holds on to spot atop List of public companies.
    • Downtown L.A.-based Atlantic Richfield Co. retained its title as the largest public company in Los Angeles County, but this year's List probably marks the last ......
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