Disney enters $5 billion credit agreement

Disney enters $5 billion credit agreement

April 19, 2020 0 By tecnb

Walt Disney Co said on Monday it has entered an unsecured credit agreement for $5 billion, at a time when companies across industries are scrambling to bolster their liquidity to weather the fallout from the coronavirus crisis.

Disney’s theme parks business has taken a particularly severe hit as lockdowns have restricted people’s movement and gatherings in order to curb the spread of COVID-19.