Disney Already CASH STRAPPED? Raises $6 BILLION to Pay Debts!
2,688With all of its theme parks currently closed and movies postponed, Disney is already searching the couch cushions for revenue to pay down its $50 billion debt and keep the lights on. The company raised $6 billion via debt offerings... but how long will that last them? And could the Disney theme parks stay closed until May or June? It seems likely...
Links -
https://www.piratesandprincesses.net/disneys-global-hotel-closures-could-cost-company-140-million-dollars/
https://www.hollywoodreporter.com/news/disney-aims-raise-6-billion-debt-offering-1285739
https://www.isin.net/equity-vs-debt-offerings/
https://simplywall.st/stocks/us/media/nyse-dis/walt-disney/news/we-think-walt-disney-nysedis-is-taking-some-risk-with-its-debt/
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