Fixed Income Information

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 $1.5 billion 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.

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  Standard & Poors Moody's Investor Services Fitch Ratings
Long-Term Debt BBB- Baa3 BBB-
Bank Facility Not Rated Not Rated BBB-
Commercial Paper A-3 P-3 F3
Outlook Stable Stable Negative
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
Jan 1, 2020
% Total O/S Debt
Senior Unsecured Notes 5/15/2021 3.15% $300,000 5.90%
Senior Unsecured Notes 11/19/2022 2.60% $300,000 5.90%
3 Year Term Loan** 1/1/2023 L + 125.0 bps $400,000 7.87%
Senior Unsecured Notes 11/19/2024 3.00% $500,000 9.83%
5 Year Term Loan** 1/1/2025 L + 137.5 bps $585,000 11.80%
Senior Unsecured Notes 11/19/2026 3.55% $675,000 13.27%
Senior Unsecured Notes 9/15/2027 3.50% $500,000 9.83%
Debentures 07/15/2028 6.60% $109,895 2.16%
Senior Unsecured Notes 11/19/2029 3.90% $900,000 17.70%
Senior Unsecured Notes 3/15/2040 6.35% $500,000 9.83%
Senior Unsecured Notes 5/15/2044 5.10% $300,000 5.90%
  Note: As of July 1, 2018 percentage of total O/S debt excludes deferred debt expense and short-term debt **Spread determined by Long Term Debt Ratings

 
Short-Term Debt Date Announced Availability Interest Rate Maturity Utilized as of
Jan 1, 2020
Revolving Credit Facility September 2019 $1,500,000 LIBOR + 1.5% December 30, 2024 $2,723
Commercial Paper Program December 2017 $1,000,000 Market Conditions Varies – But Not To Exceed 397 Days