According to the latest filing submitted to the U.S. Securities and Exchange Commission, The Walt Disney Company's 364-day credit arrangement will expire on February 26, 2027.

The agreement includes selective clauses that allow the company to extend the term until February 26, 2028. This short-term credit instrument provides Disney with a flexible liquidity management solution. The option clause enables the company to independently decide whether to extend the financing term based on future funding needs and changes in market conditions. Such credit arrangements are common in the financial management of large multinational enterprises, ensuring short-term operational funding requirements while maintaining strategic financial initiative through renewal options. The details of the agreement disclosed by Disney reflect its robust financial control mechanism.