Short answer
Hasbro (HAS) filed an 8-K current report with the SEC on March 12, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation). Hasbro raised $400M via senior unsecured notes at 4.650% fixed rate, maturing March 12, 2031.
Hasbro 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Hasbro raised $400M via senior unsecured notes at 4.650% fixed rate, maturing March 12, 2031
- Callable before Feb 12, 2031 at make-whole price (Treasury Rate +15 bps) or par, whichever is greater
- Change of control trigger requires buyback at 101% of principal if credit rating drops to below investment grade
- Covenants limit secured debt issuance and sale-leaseback transactions, modest restrictions on financial flexibility
Item 2.03 · Creation of a Direct Financial Obligation
- Hasbro executed underwriting agreement March 5, 2026 for Notes issuance with BofA Securities, JPMorgan, Citigroup, and Scotia Capital as lead underwriters
- Debt capital markets transaction signals active balance sheet management: investor focus should shift to Note terms (maturity, rate, size) in accompanying exhibits
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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