secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0000950157-26-000171
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro enters $1.1B revolver maturing 2031, extends prior facility by ~2.5 years
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- New $1.1B senior unsecured revolving credit facility, maturity extended to Feb 20, 2031 (from Sept 5, 2028).
- Incremental commitment capacity of $550M; sub-facilities of $75M for LCs and $50M for swing line loans.
- Interest margins (Term Benchmark) from 0.75% to 1.50% plus commitment fee 0.07%–0.225% based on rating/leverage.
- Financial covenants: interest coverage ≥3.00x; leverage ≤3.75x (Q1,2,4) / 4.00x (Q3).
- Replaces prior facility that included Hasbro SA as borrower; new agreement solely with Hasbro Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000095015726000171/0000950157-26-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000095015726000171/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-26-000171

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