With the latest international events, Disney has been impacted by the current economic environment. With their parks temporarily closed, they have looked for ways to sustain their business in the coming year.
Disney has taken out a new line of credit with Citibank for $5 billion that is set to mature in April 2021, according to the Hollywood Reporter. This deal involves a revolving credit agreement that gives Disney access to the $5 billion over the 364 day period. Disney also took out separate $5.25 billion and $3 billion credit deals earlier this year as well. That means Disney has over $13 billion in credit to work with over the next year.
Disney isn’t the only company trying to build up their cash reserves, many other large corporations are doing similar things to support their businesses through recent closures.
How would you spend $13 billion in Disney World? Let us know in the comments.
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How would I spend 13 billion? Add more countries to Epcot and dark rides for each country!