HASBRO, INC. (HAS): M&A transaction — Hasbro completes eOne film/TV sale to Lionsgate for $375M; to retire $400M debt

HASBRO, INC.

Sale of eOne film/TV business to Lionsgate closed Dec 27, 2023 for $375M cash plus assumption of production loans.
Proceeds expected to retire approx $400M of floating rate debt.
Recorded $473M pre-tax non-cash loss on assets held for sale in Q3 2023.
Hasbro retains entertainment development for its core brands under Blueprint 2.0.
J.P. Morgan and Centerview Partners served as lead financial advisors.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HASBRO, INC. completed a disposition involving Lionsgate (Lions Gate Entertainment Corp., Lions Gate Entertainment Inc. and Lions Gate International Motion Pictures S.à.r.l) for $375 million in cash (closed 2023-12-27).

Action: disposition
Counterparty: Lionsgate (Lions Gate Entertainment Corp., Lions Gate Entertainment Inc. and Lions Gate International Motion Pictures S.à.r.l)
Consideration: $375 million in cash
Closing: 2023-12-27

Exact text from the filing

International Motion Pictures S.à.r.l., a Luxembourg société à responsabilité limitée (“LGMP” and, together with LGEC and LGEI, “Lionsgate”), for a purchase price consisting of $375 million in cash, subject to purchase price adjustments, plus the assumption by Lionsgate of production financing loans (the “Transaction”). Hasbro intends to use the cash proceeds to

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Source: SEC EDGAR

accession 0000046080-24-000005

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