PAWTUCKET, R.I.--(BUSINESS WIRE)--
Hasbro, Inc. (NASDAQ: HAS) today announced the closing of a
public offering of $500 million aggregate principal amount of Notes due
2027 (the "Notes").
The Notes will bear interest at a rate of 3.50% per year, beginning
September 13, 2017 with semi-annual payments commencing March 15, 2018.
Hasbro currently intends to use the net proceeds from the sale of the
Notes to repay all of the $350 million aggregate principal amount of its
6.30% Notes due 2017 upon their maturity plus accrued and unpaid
interest thereon. Hasbro plans to use the remaining net proceeds for
general corporate and working capital purposes, which may include (but
are not limited to) the acquisition of companies or businesses,
repayment and refinancing of indebtedness, capital expenditures and
repurchases of shares of its common stock.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan
Securities LLC acted as representatives of the underwriters. This
offering was made under an effective registration statement on file with
the Securities and Exchange Commission. This press release is not an
offer to sell nor is it a solicitation of an offer to buy any
securities. Any offers to sell, or solicitations to buy, will be made
solely by means of a prospectus and related prospectus supplement filed
with the Securities and Exchange Commission. Copies of the prospectus
and prospectus supplement may be obtained by contacting Merrill Lynch,
Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 or
dg.prospectus email@example.com, or J.P. Morgan Securities LLC collect
at (212) 834-4533.
About Hasbro: Hasbro (NASDAQ: HAS) is a global play and
entertainment company committed to Creating the World's Best
Play Experiences. From toys and games to television, movies, digital
gaming and consumer products, Hasbro offers a variety of ways for
audiences to experience its iconic brands, including NERF, MY LITTLE
PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, LITTLEST PET SHOP and MAGIC: THE
GATHERING. The Company's Hasbro Studios and its film label, Allspark
Pictures, are building its brands globally through great storytelling
and content on all screens. Through its commitment to corporate social
responsibility and philanthropy, Hasbro is helping to make the world a
better place for children and their families.
© 2017 Hasbro, Inc. All Rights Reserved.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Various statements made in this release, including our
expectations with respect to the use of proceeds from the offering, are
forward-looking and involve a number of risks and uncertainties. All
statements that address activities, events or developments that we
intend, expect or believe may occur in the future are forward-looking
statements. Factors which might cause a difference between actual and
expected events include: (i) the financial performance of Hasbro,
Hasbro's future financial needs and other opportunities of which Hasbro
may become aware, as well as other changes in market conditions, which
could lead to changes in Hasbro's plans for the use of the proceeds from
the offering and (ii) other factors which are discussed in Hasbro's
public announcements and SEC filings. Hasbro does not undertake any
obligation to update these forward-looking statements for events
occurring after the date of this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170913006186/en/
Debbie Hancock, 401-727-5401
Julie Duffy, 401-727-5931
Source: Hasbro, Inc.
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