Tuesday, November 29, 2011

The Mouse Ain't Stupid

Walt's Place is locking in the low rates while the locking is good.

... [I]t’s easy to see why Disney is joining the pack of companies looking to sell debt. The company says in a prospectus filed at the SEC that it expects to raise $1B from global notes that mature in 2014 and pay an annual interest rate of 0.875% ...

Now is the time to be refinancing the house, acquiring long-term debt, etc. Disney, Fox, Viacom and others understand this.

It's almost like getting free money.


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