Walt Disney Co. (DIS) has raised almost $6 billion in a debt offering, as the impact of the coronavirus outbreak is putting its cash flow position under strain. COVID-19 will make it more challenging for management to “estimate future performance of our businesses” over the near to medium term, the entertainment giant said in a Securities and Exchange Commission filing. “The impact on the capital markets could impact our borrowing costs”, the company said. Walt Disney has closed theme parks, suspended cruises and theatrical shows, delayed theatrical distribution of films both domestically and …read more
Source:: Yahoo Finance
