Hartford Business.com
July 30, 2010
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The Walt Disney Co., parent of Bristol sports programmer ESPN, said it entered into a new $2.25 billion three-year credit agreement with lenders, replacing a credit agreement that expired this week.
The new agreement will expire in February 2013. Disney said it will be used to support commercial paper borrowings and other general corporate purposes. The agreement that expired Feb. 22 was also worth $2.25 billion, over a four-year term.
The agreement was disclosed in a filing with the Securities and Exchange Commission. (AP)
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