Walt Disney (NYSE:DIS) on Friday entered into a 364-day credit agreement with Citibank for up to $5B, it discloses in a new filing.

Interest rate spreads based on the company's public debt rating that range between 0.875% and 1.5% for eurocurrency, and 0-0.5% for base rate borrowings.

The company has an option to extend the maturity beyond April 9, 2021 for another year if lenders consent.

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