The Walt Disney Company’s $18.1 Billion Exchange Offer

Cravath represented The Walt Disney Company in connection with offers by TWDC Holdco 613 Corp. (“New Disney”), a wholly?owned subsidiary of The Walt Disney Company, to exchange any and all outstanding notes issued by 21st Century Fox America, Inc. (the “21CFA Notes”) for up to $18.1 billion aggregate principal amount of new notes to be issued by New Disney and cash, and solicitations of consents to amend the indentures governing the 21CFA Notes.

This exchange offer was made in connection with The Walt Disney Company’s acquisition of Twenty-First Century Fox, Inc. The offer closed on March 20, 2019.

The Walt Disney Company provides entertainment facilities. The Company focuses on television programs and it serves customers in the United States.

The Cravath team included partner Nicholas A. Dorsey (Picture) and associates Virginie Marier, Dominic V. Capasso, Katharine A. Patterson and Samyel Lee on securities matters, and partners Stephen L. Gordon and Lauren Angelilli and associates Peter W. Rogers and Rebecca L. Fine on tax matters.

Involved fees earner: Lauren Angelilli – Cravath Swaine & Moore; Dominic Capasso – Cravath Swaine & Moore; Nicholas Dorsey – Cravath Swaine & Moore; Rebecca Fine – Cravath Swaine & Moore; Stephen Gordon – Cravath Swaine & Moore; Samyel Lee – Cravath Swaine & Moore; Virginie Marier – Cravath Swaine & Moore; Katharine Patterson – Cravath Swaine & Moore; Peter Rogers – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: The Walt Disney Company;


Author: Ambrogio Visconti