Disney Raises $4 Billion in Its First Bond Sale Since 2020

Walt Disney Co. priced $4 billion of bonds on Tuesday, its first sale since 2020, as the company joined a record rush of activity as companies lock in lower borrowing premiums. The four-part offering consisted of notes between three and 10 years in length, according to a person familiar with the matter. The bond due in 2036 will yield 0.58 percentage point more than Treasuries, down from initial talk of around 0.85 percentage point, said the person, who asked not to be identified as they’re not authorized ...