secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0000950157-23-000938
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro enters $1.25B revolving credit facility maturing 2028, replacing 2024 facility
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- New $1.25B senior unsecured revolver matures Sept 5, 2028; includes $500M accordion feature for additional commitments.
- Amended Agreement replaces the 2019 facility (due Sept 2024) and extends the term by four years.
- Pricing based on Debt Rating or leverage ratio; commitment fee 7.0–25.0 bps, margins 0.875%–1.625% for Term Benchmark loans.
- Covenants include min Interest Coverage Ratio of 3.00x; max leverage ratios transition after eOne film/TV sale closes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000095015723000938/0000950157-23-000938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000095015723000938/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-23-000938

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer