According to sources and a filing with the Securities and Exchange Commission (SEC), Disney raised $11 billion in new debt.  The company will need to pay the money back between 2026 and 2060.

Analysts say the company will likely use the money to pay off current debt as it matures.

Disney is acquiring new debt to help it manage its finances.

Disney is acquiring new debt to help it manage its finances.

Moody’s analyst Neil Begley is quoted as saying that the cash Disney has, plus access to money from banks, is more than sufficient for the company’s current needs.  Begley said that Disney has the liquidity to get through the Coronavirus situation.

Disney also has around $14.3 billion of cash on hand as of March.

Do you think Disney is being smart with money during Coronavirus?