M&A
confidence high
sentiment neutral
materiality 0.80
Hasbro to sell eOne film & TV business to Lionsgate for ~$500M
HASBRO, INC.
- Sale consideration ~$500M: $375M cash + assumption of production financing loans.
- Expected close by end of 2023; subject to regulatory approvals and customary conditions.
- Hasbro to retire at least $400M of floating-rate debt with proceeds.
- Hasbro retains entertainment for its own brands; will continue developing Hasbro-owned IP via licensing and co-productions.
- Credit agreements amended to permit transaction and set maximum leverage ratio at 4.50:1.00 after closing.