HASBRO, INC. (NASDAQ:HAS) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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HASBRO, INC. (NASDAQ:HAS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On March 30, 2015, Hasbro, Inc. (the “Company”), and its subsidiary Hasbro SA (together the “Borrowers”), entered into a Second Amended and Restated Revolving Credit Agreement (the “Amended Agreement”) with: (i) Bank of America, N.A. (“Bank of America”), as Administrative Agent, Swing Line Lender, L/C Issuer and a Lender, and (ii) the other Lenders party thereto.

The Amended Agreement provided for a $700 million revolving credit facility through March 30, 2020.

Section 2.16 of the Amended Agreement sets forth a procedure to which the Company can request that the Lenders under the Amended Agreement increase the committed facility available to the Company from $700 million to $1 billion in aggregate. to Section 2.16 the Company has proposed to increase the aggregate size of the committed facility to $1 billion. The Lenders party to the Increase Supplement, dated August 24, 2017 (the “Increase Supplement”), a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, were invited by the Company to participate, and agreed to participate, in the increase in the aggregate borrowing commitment to $1 billion.

Effective as of August 24, 2017 the Amended Agreement now provides for a $1 billion committed revolving credit facility through March 30, 2020. The current Lenders under the Amended Agreement, and their respective commitments, are set forth in the Increase Supplement filed with this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1 Increase Supplement, dated as of August 24, 2017, by and among Hasbro, Inc., Hasbro SA, Bank of America, N.A., and the other lenders party thereto.


HASBRO INC Exhibit
EX-10 2 exhibit101.htm INCREASE SUPPLEMENT,…
To view the full exhibit click here

About HASBRO, INC. (NASDAQ:HAS)

Hasbro, Inc. (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States. The International segment is engaged in the marketing and sale of the Company’s product categories to retailers and wholesalers in countries in Europe, Latin and South America, and the Asia Pacific region. The Entertainment and Licensing segment includes the Company’s consumer products licensing, digital gaming, television and movie entertainment operations. The Global Operations segment sources production of the Company’s toy and game products. The Company offers entertainment offerings, including television programming and motion pictures, and products, ranging from traditional to digital, all informed by storytelling and consumer insights.