HASBRO, INC. 8-K

What Happened
Hasbro announced the completion of a registered public offering on March 12, 2026 of $400,000,000 aggregate principal amount of 4.650% senior unsecured notes due March 12, 2031. The Notes were issued under Hasbro’s shelf registration and an indenture (the Base Indenture as supplemented by an Eighth Supplemental Indenture dated March 12, 2026). The company also entered into an underwriting agreement dated March 5, 2026 with BofA Securities, J.P. Morgan, Citigroup and Scotia as representatives of the underwriters.

Key Details

• Offering size: $400,000,000 aggregate principal amount of notes.
• Coupon and maturity: 4.650% interest per year; maturity March 12, 2031.
• Redemption: Redeemable at Hasbro’s option prior to Feb 12, 2031 at a make‑whole price (Treasury‑rate based) or at 100% on or after Feb 12, 2031; change-of-control repurchase at 101% of principal plus accrued interest.
• Security and covenants: Notes are senior unsecured obligations; indenture includes customary covenants limiting secured debt and sale‑leaseback transactions and events of default. Legal opinions and the underwriting agreement were filed as exhibits.

Why It Matters
This filing documents a new $400M long‑term borrowing for Hasbro that increases its outstanding senior unsecured debt and fixes interest costs at 4.65% through 2031. For investors, the issuance affects the company’s capital structure and interest expense profile; the redemption and change‑of‑control terms define Hasbro’s flexibility to refinance or repurchase the debt before maturity. The filing does not state how Hasbro will use the proceeds.