Disney Beefs Up Proposed Bond Offer

The Walt Disney Co. Friday increased a bond offering to $2.6 billion to help finance its purchase of Capital Cities/ABC.

Disney said in a filing with the U.S. Securities and Exchange Commission that the money raised from the bond sale would pay off short-term debt the company used to finance its $19 billion purchase of ABC.

The new bonds are to mature in five and 10 years and pay annual interest of about 6 percent. Disney originally planned to sell $2 billion of the bonds.