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 Baa2 BBB-
Bank Facility Not Rated Not Rated BBB-
Commercial Paper A2 P2 F3
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
% Total O/S Debt
Senior Unsecured Notes 11/19/2024 3.00% $500,000 13.3%
5 Year Term Loan** 1/1/2025 Term SOFR + 1.35% $265,000 7.1%
Senior Unsecured Notes 11/19/2026 3.55% $675,000 18.0%
Senior Unsecured Notes 9/15/2027 3.50% $500,000 13.3%
Debentures 07/15/2028 6.60% $109,895 2.9%
Senior Unsecured Notes 11/19/2029 3.90% $900,000 24.0%
Senior Unsecured Notes 3/15/2040 6.35% $500,000 13.3%
Senior Unsecured Notes 5/15/2044 5.10% $300,000 8.0%
  Note: Percentage of total O/S debt excludes deferred debt expense, short-term debt and production financing related debt. **Spread determined by Long Term Debt Ratings

Short-Term Debt Date Announced Availability Interest Rate Maturity Utilized as of
Revolving Credit Facility September 2023 $1,250,000 Term SOFR + 1.475% September 5, 2028 $4,015
Commercial Paper Program December 2017 $1,000,000 Market Conditions Varies – But Not To Exceed 397 Days