Hasbro enters $1.1 billion revolving credit facility maturing February 2031
Hasbro entered into a Fourth Amended and Restated Revolving Credit Agreement with Bank of America, N.A. as administrative agent on February 20, 2026. The senior unsecured facility has $1.1 billion in commitments and extends the term from September 5, 2028 to February 20, 2031, replacing the prior agreement dated September 5, 2023.
Key points
- Commitments total $1.1 billion, with a potential incremental increase of up to $550.0 million
- Maturity extended from September 5, 2028 to February 20, 2031
- Pricing ranges from 75.0 to 150.0 basis points over Term Benchmark or Daily Benchmark Rate, based on debt rating and net leverage
- Covenants require interest coverage of at least 3.00:1.00 and net total leverage of no more than 3.75:1.00, or 4.00:1.00 in the third fiscal quarter
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.