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Euro Disney Gets $1.7B Loan from Walt Disney

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  • Description

    FBN’s Dennis Kneale on Walt Disney Company helping Euro Disney refinance its debt.

  • Duration 1:17
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Her death -- Disney is a stock that has hit.

All time highs over and over again in just the last six weeks tell -- what you're talking about what's that he had did he stuck up 60% or more in the past year and now did he pulled off a slick.

Debt deal that shows Mickey Mouse is muscle and the advantages and cheap corporate debt.

So you've got Disneyland Paris and Eurodisney one point seven billion dollars in debt held by outsiders for many years along comes Walt Disney company the parent in America.

Gonna buyout that outside debt from its what which -- finance originally had almost 5% interest it's -- loan the money itself did to the Paris people that did did he partly owns.

At a full percentage point left that will save Eurodisney.

Something like over -- and sixty million dollars a year over five years.

And an extra 300 million dollars in the liquidity.

And the thing about that is did your did the at a loss last year so every little bit helps but meanwhile if you look at other companies subbing out.

Higher interest debt for -- cheap debt you got IBM candor Morgan Philip Morris.

You've got Duke Energy all of these companies Novartis they are benefiting from the cheap interest rates around the world and that is gonna really benefit the bottom line.

In future quarters oh and by the way those stocks when it comes to the equity part of it paid dividends always tickets to -- --

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