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DIS > SEC Filings for DIS > Form 8-K on 20-Mar-2013All Recent SEC Filings

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Form 8-K for WALT DISNEY CO/


Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

On March 15, 2013 the Registrant entered into a new $1.5 billion 364-Day Credit Agreement with a syndicate of lenders to support commercial paper borrowings and for other general corporate purposes. The new facility will expire on March 14, 2014, and includes an option for the Registrant to extend the maturity date of all or a portion of advances outstanding at the time of maturity for one year. Under the new facility, as with the Registrant's existing $2.25 billion Four-Year Credit Agreement (filed as Exhibit 10.1 to the Registrant's Form 8-K dated February 25, 2011) and the Registrant's existing $2.25 billion Five-Year Credit Agreement (filed as Exhibit 10.1 to the Registrant's Form 8-K dated June 11, 2012), the Registrant has the option to borrow at LIBOR-based rates plus a spread, subject to a cap and a floor that vary with the Registrant's debt rating, depending on the credit default swap spread applicable to the Registrant's senior, unsecured, non-credit enhanced long-term debt. The remaining provisions of the new facility, including representations, warranties, covenants and events of default, are also substantially similar to the provisions of the existing five-year facility. In particular, the new facility contains only one financial covenant, relating to interest coverage, and specifically excludes certain entities, including Euro Disney, Hong Kong Disneyland and Shanghai Disney Resort, from any representations, covenants or events of default.

A copy of the new 364-Day Credit Agreement is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits
10.1 364-Day Credit Agreement dated as of March 15, 2013.

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The Walt Disney Company

By: /s/ Roger J. Patterson
Roger J. Patterson
Associate General Counsel and Assistant Secretary Registered In-House Counsel

Dated: March 20, 2013

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