Hasbro, Inc.’s $2.38 Billion Registered Notes Offering

Cravath advised Hasbro, Inc. on the deal.

Hasbro, Inc. executed a $2.38 billion registered notes offering, consisting of registered public offering of $300,000,000 aggregate principal amount of 2.600% senior unsecured notes due 2022, $500,000,000 aggregate principal amount of 3.000% senior unsecured notes due 2024, $675,000,000 aggregate principal amount of 3.550% senior unsecured notes due 2026 and $900,000,000 aggregate principal amount of 3.900% senior unsecured notes due 2029.

The underwriters involved were BofA Securities, Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., ANZ Securities, Inc., Citizens Capital Markets, Inc., BBVA Securities Inc., The Huntington Investment Company, and SMBC Nikko Securities America, Inc.

Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. Proceeds of the offering will be used in part to finance the acquisition of Entertainment One. The transaction closed on November 19, 2019.

The Cravath team included partner Craig F. Arcella (Picture) and associates Aashim Usgaonkar and Eugene Kim. Stuti Sarin also worked on the matter.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Eugene Kim – Cravath Swaine & Moore; Aashim Usgaonkar – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Hasbro;

Author: Ambrogio Visconti