secwatch / observer
8-K filed September 6, 2023, 7:59 PM ET ticker HAS CIK 0000046080
debt confidence high sentiment neutral materiality 0.50

HASBRO, INC. (HAS): debt financing — Hasbro enters $1.25B revolving credit facility maturing 2028, replacing 2024 facility

HASBRO, INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HASBRO, INC. incurred revolving credit of $1.25 billion with Bank of America, N.A., as administrative agent, swing line lender, a letter of credit issuer and a lender, and certain other financial institutions, as lenders at Adjusted Term Benchmark Rate, the Base Rate or the Daily Benchmark Rate, in each maturing September 5, 2028.

Instrument
revolving credit
Principal
$1.25 billion
Counterparty
Bank of America, N.A., as administrative agent, swing line lender, a letter of credit issuer and a lender, and certain other financial institutions, as lenders
Rate
Adjusted Term Benchmark Rate, the Base Rate or the Daily Benchmark Rate, in each
Maturity
September 5, 2028
Event
incurrence
Exact text from the filing
Agreement provides the Borrowers with a senior unsecured revolving credit facility (the “Revolving Facility”) with commitments in a maximum aggregate principal amount of $1.25 billion. The Amended Agreement also provides for a potential additional incremental commitment increase of up to $500.0 million. Additionally, the Amended Agreement extends the term of
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HASBRO, INC. amended Third Amended and Restated Revolving Credit Agreement with Bank of America, N.A., as administrative agent, swing line lender, a letter of credit issuer and a lender, and certain other financial institutions, as lenders valued at maximum aggregate principal amount of $1.25 billion (effective 2023-09-05).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A., as administrative agent, swing line lender, a letter of credit issuer and a lender, and certain other financial institutions, as lenders
Value
maximum aggregate principal amount of $1.25 billion
Effective
2023-09-05
Exact text from the filing
On September 5, 2023 (the “Effective Date”), Hasbro, Inc. (the “Company”) and its subsidiary Hasbro SA (together with the Company, the “Borrowers”) entered into a Third Amended and Restated Revolving Credit Agreement (the “Amended Agreement”) with Bank of America, N.A., as administrative agent, swing line lender, a letter of credit issuer and a lender, and certain other financial institutions, as lenders.
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HASBRO, INC. filing history →

Source: SEC EDGAR
accession 0000950157-23-000938
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