THE WALT DISNEY COMPANY $1,750,000,000 3.350% Notes due 2025 $500,000,000 3.700% Notes due 2027 $1,250,000,000 3.800% Notes due 2030 $750,000,000 4.625% Notes due 2040 $1,750,000,000 4.700% Notes due 2050 Underwriting AgreementWalt Disney Co • March 23rd, 2020 • Services-miscellaneous amusement & recreation • New York
The Walt Disney Company, a Delaware corporation (the “Company”), proposes to issue and sell to the several Underwriters listed in Schedule 1 hereto (the “Underwriters”), for whom you are acting as representatives (the “Representatives”), $1,750,000,000 aggregate principal amount of its 3.350% Notes due 2025 (the “2025 Notes”), $500,000,000 aggregate principal amount of its 3.700% Notes due 2027 (the “2027 Notes”), $1,250,000,000 aggregate principal amount of its 3.800% Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 4.625% Notes due 2040 (the “2040 Notes”), $1,750,000,000 aggregate principal amount of its 4.700% Notes due 2050 (the “2050 Notes” and, collectively with the 2025 Notes, the 2027 Notes, the 2030 Notes and the 2040 Notes, the “Securities”). The Securities will be issued pursuant to the Indenture dated as of March 20, 2019 (the “Indenture”), among the Company, TWDC Enterprises 18 Corp., a Delaware corporation, as guarantor (the “Guarantor”),
