Disney enters $5 billion credit agreement

Posted | Contributed by Jeff

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.

Read more from Reuters.

Jeff's avatar

Pretty much everyone is trying to be as liquid as possible right now, even if they're doing OK. This isn't surprising.

Jeff - Editor - CoasterBuzz.com - My Blog

$5B for a one year (possibly 2) rainy day fund is only available to the best companies.

Jeff's avatar

Well I wouldn't expect an ice cream store to get that much.

Jeff - Editor - CoasterBuzz.com - My Blog

It’s a pretty stark contrast to what Six Flags was able to scrape together.

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