Hasbro Investors

Investors

Fixed Income

Hasbro typically generates a significant amount of cash from operations and funds its operations and liquidity needs primarily through cash flows from operations, and, when needed, may access additional funding from its $700 million Revolving Bank Facility and/or its commercial paper program. The Company has also has access to public and private debt capital markets as a financing strategy to meet the funding requirements of its operations as well as to provide financial flexibility to fund longer term capital investments. This section provides details in regard to Hasbro’s financing.

  Standard & Poors Moody's Investor Services Fitch Ratings
Long-Term Debt BBB Baa2 BBB+
Bank Facility Not Rated Baa2 BBB+
Commercial Paper A-2 P-2 F2
Outlook Stable Stable Stable

Note: A securities rating is not a recommendation to buy, sell or hold and may be subject to revision or withdrawal at any time.

($ Thousands)
Long-Term Debt Maturity Coupon Outstanding as of
May 13, 2014
% Total O/S Debt
Senior Unsecured Notes 9/15/2017 6.300% $350,000 23%
Senior Unsecured Notes 5/15/2021 3.150% $300,000 19%
Debentures 7/15/2028 6.600% $109,895 7%
Senior Unsecured Notes 3/15/2040 6.350% $500,000 32%
Senior Unsecured Notes 5/15/2044 5.100% $300,000 19%




Short-Term Debt Date Announced Availability Interest Rate Maturity Utilized as of
March 30, 2014
Revolving Credit Facility October 2012 $700,000 LIBOR + 1.25% October 2017 $981
Commercial Paper Program January 2013   Market Conditions Varies – But Not To Exceed 397 Days

 

A well dispersed debt maturity profile is a key objective of Hasbro's financing strategy.



Annual Debt Maturity Profile: 2014-2044
$350,000
 
09/15/2017
$300,000
 
05/15/2021
$109,895
 
07/15/2028
$500,000
 
03/15/2040
$300,000
 
05/15/2044