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Hasbro, Inc. Announces Pricing of $500M Public Offering of 6.050% Notes due 2034

May 08, 2024about 1 year ago

Amount Raised

$500 Million

PawtucketManufacturing

Investors

Scotia Capital (Usa) Inc.J.P. Morgan Securities LlcCitigroup Global Markets Inc.Bof A Securities, Inc.

Description

Hasbro, Inc. announced the pricing of a public offering of $500,000,000 aggregate principal amount of 6.050% Notes due 2034. The net proceeds from the offering are expected to be approximately $495 million, and will be used for general corporate purposes, including to redeem or repay outstanding indebtedness.

Company Information

Company

Hasbro

Location

Pawtucket, Rhode Island, United States

About

Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to making the world a better place for all children, fans and families. Hasbro delivers immersive brand experiences for global audiences through consumer products, including toys and games; entertainment through eOne, its independent studio; and gaming, led by the team at Wizards of the Coast, an award-winning developer of tabletop and digital games best known for fantasy franchises MAGIC: THE GATHERING and DUNGEONS & DRAGONS. The company’s unparalleled portfolio of approximately 1,500 brands includes MAGIC: THE GATHERING, NERF, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE, DUNGEONS & DRAGONS, POWER RANGERS, PEPPA PIG and PJ MASKS, as well as premier partner brands. For the past decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media and one of the World’s Most Ethical Companies by Ethisphere Institute. Important business and brand updates are routinely shared on our Investor Relations website, Newsroom and social channels (@Hasbro on Twitter, Instagram, Facebook and LinkedIn.)

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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