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DIS » Topics » Capital Cities/ABC Debt

This excerpt taken from the DIS 10-K filed Dec 2, 2009.

Capital Cities/ABC Debt

In connection with the Capital Cities/ABC, Inc. acquisition in 1996, the Company assumed various debt previously issued by Capital Cities/ABC, Inc. At October 3, 2009, the outstanding balance was $116 million, matures in 2021 and has a stated interest rate of 8.75%.

This excerpt taken from the DIS 8-K filed Feb 3, 2009.

Capital Cities/ABC Debt

In connection with the Capital Cities/ABC, Inc. acquisition in 1996, the Company assumed various debt previously issued by Capital Cities/ABC, Inc. At September 27, 2008, the outstanding balance was $178 million with maturities ranging from 1 to 13 years and stated interest rates ranging from 8.75% to 9.65%.

These excerpts taken from the DIS 10-K filed Nov 20, 2008.

Capital Cities/ABC Debt

In connection with the Capital Cities/ABC, Inc. acquisition in 1996, the Company assumed various debt previously issued by Capital Cities/ABC, Inc. At September 27, 2008, the outstanding balance was $178 million with maturities ranging from 1 to 13 years and stated interest rates ranging from 8.75% to 9.65%.

Capital
Cities/ABC Debt

In connection with the Capital Cities/ABC, Inc. acquisition in 1996, the Company assumed various debt previously issued
by Capital Cities/ABC, Inc. At September 27, 2008, the outstanding balance was $178 million with maturities ranging from 1 to 13 years and stated interest rates ranging from 8.75% to 9.65%.

STYLE="margin-top:18px;margin-bottom:0px">Film Financing

In August 2005, the Company entered
into a film financing arrangement with a group of investors whereby the investors will fund up to approximately $500 million for 40% of the production and marketing costs of a slate of up to thirty-two live-action films, excluding certain titles
such as The Chronicles of Narnia series and, in general, sequels to previous films (including the Pirates of the Caribbean sequels), not included in the slate, in return for approximately 40% of the future net cash flows generated by
these films. By entering into this transaction, the Company is able to share the risks and rewards of the performance of its live-action film production and distribution activity with outside investors. As of September 27, 2008, the investors
have participated in the funding of twenty-seven films. The cumulative

 


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investment in the slate by the investors, net of the cash flows generated by the slate that are returned to the investors, is classified as borrowings.
Interest expense recognized from these borrowings is variable and is determined using the effective interest method based on the projected profitability of the film slate.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:5%">The last film of the slate is anticipated to be completed in fiscal 2009. The Company has the option at 5, 10 and 15 years from inception of the film
financing arrangement to buy the investors’ remaining interest in the slate at a price that is based on the then remaining projected future cash flows that the investors would receive from the slate. As of September 27, 2008, borrowings
under this arrangement totaled $248 million.

This excerpt taken from the DIS 10-K filed Nov 21, 2007.

Capital Cities/ABC Debt

In connection with the Capital Cities/ABC, Inc. acquisition in 1996, the Company assumed various debt previously issued by Capital Cities/ABC, Inc. At September 29, 2007, the outstanding balance was $181 million with maturities ranging from 2 to 14 years and stated interest rates ranging from 8.75% to 9.65%.

This excerpt taken from the DIS 10-K filed Nov 22, 2006.

Capital Cities/ABC Debt

In connection with the Capital Cities/ABC, Inc. acquisition in 1996, the Company assumed various debt previously issued by Capital Cities/ABC, Inc. At September 30, 2006, the outstanding balance was $183 million with maturities ranging from 3 to 15 years and stated interest rates ranging from 8.75% to 9.65%.

This excerpt taken from the DIS 10-K filed Dec 7, 2005.
Capital Cities/ ABC Debt
      In connection with the Capital Cities/ ABC, Inc. acquisition in 1996, the Company assumed various debt previously issued by Capital Cities/ ABC, Inc. At October 1, 2005, the outstanding balance was $186 million with maturities ranging from 4 to 16 years and stated interest rates ranging from 8.75% to 9.65%.

EXCERPTS ON THIS PAGE:

10-K
Dec 2, 2009
8-K
Feb 3, 2009
10-K (2 sections)
Nov 20, 2008
10-K
Nov 21, 2007
10-K
Nov 22, 2006
10-K
Dec 7, 2005

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